Section 17: Report of Insolvency Service

17. Report of Insolvency Service (1) Where the Court under section 9 (1) (b) or 16 (1) directs the Director to prepare a report, the Director shall within 14 days submit to the Court a report on whether the debtor is willing to enter into a proposal or a summary instalment order. (2) A report which states that the debtor is willing to enter into a proposal shall state— (a) whether, in the opinion of the Director, a meeting of the debtor’s creditors should be summoned to consider the proposal; and (b) where, in the Director’s opinion, such a meeting should be summoned, the date on which, and time and place at which, he suggests that the meeting should be held. (3) On considering a report under this section, the Court may— (a) without any application, make an order for the appointment of the Official Receiver as Interim Receiver under section 20 where it feels that it is appropriate to do so for the purpose of facilitating the consideration and implementation of the debtor’s proposal; or (b) where it feels it would be inappropriate to make such an order, make a bankruptcy order. (4) An order made under subsection (3) (a) ceases to have effect at the end of such period as the Court may specify for the purpose of enabling the debtor’s proposal to be considered by his creditors. (5) Where it has been reported to the Court under this section that a meeting of the debtor’s creditors should be summoned, the Director shall, unless the Court otherwise directs, summon the meeting for the time, date and place suggested in his report.