| Commentary

40 Application for interim order

| Commentary

40 Application for interim order

An application for an interim order may be made personally by a debtor, or where the debtor is an undischarged bankrupt, by the debtor, the trustee of his estate or the Official Receiver1. A debtor who wishes to enter into an individual voluntary arrangement with his creditors must formulate a proposal for a composition or scheme of arrangement or, as is frequently the case, a combination of the two2. The proposal must provide for an insolvency practitioner or other authorised person3 to act as nominee in relation to the IVA4.

The Insolvency Act 1986 and the

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