Insolvency Bill [H.L.]

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House of Commons

Session 1999-2000
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Other Bills before Parliament

Insolvency Bill [H.L.]

This is the text of the Insolvency Bill [H.L.], as passed by the House of Lords and introduced in the House of Commons on 27 July 2000.

EXPLANATORY NOTES

Explanatory Notes to the Bill, prepared by the Department of Trade and Industry, are published separately as Bill 173- EN.
EUROPEAN CONVENTION ON HUMAN RIGHTS
Mr Secretary Byers has made the following statement under section 19(1)(a) of the Human Rights Act 1998:
In my view the provisions of the Insolvency Bill are compatible with the Convention rights.

Insolvency Bill [H.L.]

ARRANGEMENT OF CLAUSES

Voluntary arrangements

Clause

1. Moratorium where directors propose voluntary arrangement.

2. Company voluntary arrangements.

3. Individual voluntary arrangements.

4. Qualification or authorisation of nominees and supervisors.

Disqualification of company directors etc.

5. Disqualification orders.

6. Disqualification undertakings.

7. Effect of Northern Irish disqualifications.

8. Amendments.

Miscellaneous

9. Investigation and prosecution of malpractice.

10. Restriction on use of answers obtained under compulsion.

11. Insolvent estates of deceased persons.

12. Bankruptcy: interest on sums held in Insolvency Services Account.

13. Model law on cross-border insolvency.

General

14. Repeals.

15. Commencement.

16. Extent.

17. Short title.

SCHEDULES:

    Schedule 1 - Moratorium where directors propose voluntary arrangement.

    Schedule 2 - Company voluntary arrangements.

    Part I - Amendments of the Insolvency Act 1986.

    Part II - Amendments of the Building Societies Act 1986.

    Schedule 3 - Individual voluntary arrangements.

    Schedule 4 - Minor and consequential amendments about disqualification of company directors etc..

    Part I - Amendments of the Company Directors Disqualification Act 1986.

    Part II - Consequential amendments of other enactments.

    Schedule 5 - Repeals.

© Parliamentary copyright 2000
Prepared 28 July 2000