SCHEDULE 1Fit and proper persons requirement

1

1

In this Schedule—

  • arrangement” means a voluntary arrangement entered into by an individual with their creditors;

  • the Bankruptcy Act” means the Bankruptcy (Scotland) Act 201626;

  • the Insolvency Act” means the Insolvency Act 198627;

  • the Insolvency Order” means the Insolvency (Northern Ireland) Order 198928;

  • the registrar of companies” has the meaning given by section 1060(3) of the Companies Act 2006.

2

In paragraph 2(a)—

  • adjudicator” has the meaning given by section 385(1) of the Insolvency Act29;

  • creditor” has the meaning given by section 383(1) of the Insolvency Act30.

3

In paragraph 2(b)—

  • the Accountant in Bankruptcy” has the meaning given by section 199(1) of the Bankruptcy Act;

  • creditor” has the meaning given by section 383(1) of the Insolvency Act;

  • debtor application” has the meaning given by section 228(1) of the Bankruptcy Act;

  • sequestration” has the meaning given by section 1 of the Bankruptcy Act.

4

In paragraph 2(c)—

  • bankrupt”, “bankruptcy order” and “bankruptcy petition” have the meanings given in Article 9(1) of the Insolvency Order;

  • “the court” is defined in rule 0.2 of the Insolvency Rules (Northern Ireland) 199131;

  • creditor” has the meaning given in Article 9(1) of the Insolvency Order.