PART 14Voluntary trust deeds for creditors

Application for conversion to sequestration

190Application for conversion to sequestration

(1)

This section applies where a member State F1insolvency practitioner proposes to apply to AiB for the conversion under F2Article 51 of the EU insolvency proceedings regulation (conversion of F3secondary insolvency proceedings) of a protected trust deed into sequestration.

(2)

An affidavit complying with section 191 must be—

(a)

prepared and sworn, and

(b)

submitted to AiB in support of the application.

(3)

The application and affidavit required under subsection (2) are to be served on—

(a)

the debtor,

(b)

the trustee, and

(c)

such other person as may be prescribed.