Insolvency Act 1986

[F1A9End of the moratoriumU.K.

(1)A moratorium ends at the end of the initial period unless it is extended, or comes to an end sooner, under or by virtue of a provision mentioned in subsection (3) or (4).

(2)In this Chapter “the initial period”, in relation to a moratorium, means the period of 20 business days beginning with the business day after the day on which the moratorium comes into force.

(3)For provision under or by virtue of which a moratorium is or may be extended, see—

  • section A10 (extension by directors without creditor consent);

  • section A11 (extension by directors with creditor consent);

  • section A13 (extension by court on application of directors);

  • section A14 (extension while proposal for CVA pending);

  • section A15 (extension by court in course of other proceedings).

(4)For provision under or by virtue of which the moratorium is or may be terminated, see—

  • section A16 (termination on entry into insolvency procedure etc);

  • section A38 (termination by monitor);

  • section A42 or A44 (termination by court).

(5)A moratorium may not be extended under a provision mentioned in subsection (3) once it has come to an end.

(6)Where the application of two or more of the provisions mentioned in subsections (3) and (4) would produce a different length of moratorium, the provision that applies last is to prevail (irrespective of whether that results in a shorter or longer moratorium).]

Textual Amendments