98. Insolvency proceedings.

(iv)     Insolvency Proceedings

98.     Insolvency proceedings.

The Lord Chancellor may, by order1, provide that such provisions of the Insolvency Act 1986 as may be specified in the order are to apply in relation to insolvent partnerships with such modifications as may be specified2. Such an order may make different provision for different cases and may contain such incidental, supplemental and transitional provisions as may appear to the Lord Chancellor and the Lord Chief Justice necessary or expedient3.

The current order is the Insolvent Partnerships Order 19944 which contains provisions relating to the following:

  1.  

    (1)     voluntary arrangements for insolvent partnerships5;