PART 14Voluntary trust deeds for creditors

F1Removal of protected status where material error or irregularity

171CEffect of removal of protected status

A trust deed ceasing to have protected status by virtue of a decision under section 171A is not to—

(a)

invalidate any acts of the trustee between the date the trust deed was registered and the date a decision under section 171A takes effect,

(b)

prevent the trust deed from re-attaining protected status provided the conditions in sections 164-170, so far as applicable, are met, or

(c)

prevent the debtor from—

(i)

making a debtor application under section 2 or, as the case may be, 6,

(ii)

applying for a moratorium under section 195 or, as the case may be, 196,

(iii)

applying for a debt payment programme within the meaning of section 2 of the 2002 Act.