Commentary

70 Supervisor’s duties on completion of arrangement

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

70 Supervisor’s duties on completion of arrangement

| Commentary

70 Supervisor’s duties on completion of arrangement

Not more than 28 days after the full implementation or termination of the IVA the supervisor must deliver a notice that the IVA has been fully implemented or terminated to the debtor and the creditors bound by the IVA. The notice must state the date the IVA took effect; and must be accompanied by a copy of a report by the supervisor which:

  1. 70.1

        summarises all receipts and payments in relation to the IVA;

  2. 70.2

        explains any departure from the terms of the IVA as approved by the creditors; and

  3. 70.3

        if the

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