388 Meaning of “act as insolvency practitioner”
388 Meaning of “act as insolvency practitioner”

(1)     A person acts as an insolvency practitioner in relation to a company by acting—

(a)     as its liquidator, provisional liquidator, administrator or administrative receiver, or

[(b)     where a voluntary arrangement in relation to the company is proposed or approved under Part I, as nominee or supervisor].

(2)     A person acts as an insolvency practitioner in relation to an individual by acting—

(a)     as his trustee in bankruptcy or interim receiver of his property or as [trustee (or interim trustee)] in the sequestration of his estate; or

(b)     as trustee under a deed which is . . ., in Scotland, a trust deed for his creditors; or

[(c)     where a voluntary arrangement in relation to the individual is proposed or approved under Part VIII, as nominee or supervisor]

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