Insolvency Practice Rules (Bankruptcy) 2016
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Insolvency Practice Rules (Bankruptcy) 2016
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Turn the raw legal text into a practical explanation grounded in Insolvency Practice Rules (Bankruptcy) 2016.
When presiding at a meeting of creditors, the trustee must: (a) ensure that proper meeting procedures are followed; and (b) ensure that the requirements relating to meetings set out in the Act, the regulations and these Rules are complied with; and (c) ensure that all persons attending the meeting who are entitled to ask questions of the trustee, the regulated debtor or, in the case of a deceased debtor, the legal personal representative of the regulated debtor are given an opportunity to do so; and (d) take reasonable steps to establish whether there is sufficient evidence to support a creditor’s statement under section 75‑80 in relation to the amount of liability of the regulated debtor to the creditor.