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Commentary

47.2 Delivery of the report

BANKRUPTCY AND INSOLVENCY (INDIVIDUAL INSOLVENCY) vol 3(2)
| Commentary

47.2 Delivery of the report

| Commentary

47.2 Delivery of the report

The scheme envisaged by the Insolvency Act 1986 is that the nominee should deliver his report, together with a copy of the proposal and any statement of affairs provided by the debtor, to the court not less than two business days before the interim order ceases to have effect1. In practice, the application for the interim order is frequently made on the basis of a report which has already been prepared. The nominee's report must explain whether or not the nominee considers that the proposal has a reasonable prospect of being approved and implemented and

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