| Commentary

47.4 Standard order

| Commentary

47.4 Standard order

Where there is no bankruptcy order in existence, and so far as is known, no pending petition for the debtor’s bankruptcy, the court will make an interim order without attendance. In the first place, this will be an order adjourning the application for 14 days to consider the nominee’s report. On such adjourned consideration, the court will normally be prepared to make a ‘standard order’ on consideration of the nominee’s report without the need for the parties’ attendance1. The standard order directs that the creditors decide whether or not to approve the proposed voluntary arrangement by a creditors’

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