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Section 86: Application for order

Insolvency Act · PART II: BANKRUPTCY AND ALTERNATIVES

consolidated text (as at 2017, amended since). juris shows the text as it was consolidated; it does not confirm that this is the law in force today.

86. Application for order (1) The Official Receiver may make a summary instalment order on the application, in such form as may be prescribed, of— (a) the debtor; or (b) a creditor, with the debtor’s consent. (2) An application by the debtor shall state— (a) that the debtor proposes to pay the creditors in full; (b) the amount in the rupee that the debtor proposes to pay; (c) except on good cause shown, the name and address of the debtor’s proposed supervisor; (d) the total amount of the weekly or other instalments that the debtor proposes to pay; and (e) the details of— (i) the debtor’s full name and address; (ii) the debtor’s property; (iii) the names and addresses of each creditor; (iv) the amount and nature of each of the creditors’ debts; (v) whether any of the debts are secured and the value of the security; (vi) whether any of the debts are guaranteed by any person; I14 – 53 [Issue 3] Insolvency Act (vii) the amount of the debtor’s earnings; (viii) the name and address of the debtor’s employer, if any; and (ix) any other matter that may be prescribed.

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