Insolvency Practice Rules (Bankruptcy) 2016
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Insolvency Practice Rules (Bankruptcy) 2016
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Meetings in relation to compositions or arrangements (1) If: (a) a meeting is the first meeting of the creditors; and (b) the regulated debtor has lodged a proposal under section 73 of the Act; the trustee must table a copy of the proposal at the meeting.
Note: See section 75‑180 for other documents that must be tabled.
Meetings in relation to personal insolvency agreements (2) If a meeting is called under section 188 of the Act, the trustee of the regulated debtor’s estate must table the following documents at the meeting: (a) subject to subsection (2A)—a copy of the regulated debtor’s statement of affairs; (aa) a copy of the proposal for dealing with the regulated debtor’s affairs given by the debtor under paragraph 188(2C)(b) or 188(2D)(b) of the Act; (b) a copy of the report and the declaration made by the trustee under section 189A of the Act; (c) a copy of the statement prepared by the trustee under section 189B of the Act. (2A) If the approved form for a statement of affairs indicates that particular information in the statement will not be made available to the public, then, for the purposes of paragraph (2)(a), the trustee must not table that part of the statement of affairs that contains that information. (2B) At a meeting called under section 188 of the Act, if: (a) it were assumed that the regulated debtor had been required, immediately before the start of the meeting, to prepare a statement of affairs; and (b) that statement would have differed in one or more material respects from the statement a copy of which was tabled under paragraph (2)(a); the regulated debtor must table at the meeting a written statement identifying those differences. (2C) At a meeting called under section 188 of the Act, if: (a) it were assumed that the trustee had been required, immediately before the start of the meeting, to make a declaration stating whether the regulated debtor is a related entity of: (i) the trustee; or (ii) a related entity of the trustee; and (b) that declaration would have differed in one or more material respects from the declaration a copy of which was tabled under paragraph (2)(b); the trustee must table at the meeting a written statement identifying those differences. Requests for copies of tabled documents (3) If any of the creditors or their representatives request a copy of the proposal, statements, report or declaration, the trustee must comply with the request as soon as reasonably practicable.