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SCHEDULE 1Amendments to the Insolvency Rules 1986

Amendments to Rule 5.5

264.—(1) Rule 5.5 (statement of affairs) is amended as follows.

(2) In paragraph (1)—

(a)for “within 7 days after his” substitute “at the same time as the”;

(b)omit “or such longer time as the latter may allow,”;

(c)for “his (the debtor’s)” substitute “the debtor’s”.

(3) In paragraph (3)(f)—

(a)after “report” insert “on the debtor’s proposal”; and

(b)for “on the debtor’s proposal” substitute “or to the debtor’s creditors as the case may be”.

(4) In paragraph (4) omit “to the court”.

(5) For paragraph (5), substitute—

The statement must be verified by a statement of truth made by the debtor..