| Commentary

51 Procedure on approval of proposal

| Commentary

51 Procedure on approval of proposal

The creditors may approve the proposed voluntary arrangements subject to the modification that an insolvency practitioner other than the nominee be appointed supervisor of the individual voluntary arrangement1. However, it is a rare case where the nominee is not appointed supervisor. If a creditor does wish to pursue this issue, he must give advance warning as provided in the Insolvency (England and Wales) Rules 2016, and if there is a meeting, move a motion at the meeting2.

As soon as reasonably practicable and, in any event, within the period of

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