New section 56K – Effect of discharge on approval of offer of composition
20.Section 56K provides for the continuation of a BRO or BRU if a debtor obtains a discharge by way of an offer of composition.
21.Section 2(2) of this Act amends section 1A(1)(b) of the 1985 Act with the effect that the AiB is placed under a duty to include BRUs and BROs in the register of insolvencies.