47.2 Delivery of the reportThe 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
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
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
0330 161 1234