(1)In section 2 of the 1985 Act (appointment and functions of the trustee in the sequestration), after subsection (7), insert—
“(8)The trustee must at the same time as notifying the debtor under subsection (7)(a) or (b), send to the debtor, for signature by the debtor, a statement of undertakings in the form prescribed.”.
(2)In section 5 of the 1985 Act (sequestration of the estate of living or deceased debtor)—
(a)in subsection (2B), after paragraph (ba) (inserted by section 1(1)(a)), insert—
“(bb)the debtor has given a statement of undertakings (including an undertaking to pay to the trustee after the award of sequestration of the debtor’s estate an amount determined using the common financial tool),”, and
(b)after subsection (6A), insert—
“(6B)In the case of a debtor application, the debtor must send a statement of undertakings to the Accountant in Bankruptcy along with the application.”.