Insolvency, Restructuring and Dissolution Act 2018 · 2020 Revised Edition · Part 14 · Voluntary Arrangements
276. Interim order of Court
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Subject to subsection (2), any insolvent debtor who intends to make a proposal to the insolvent debtor’s creditors for a composition in satisfaction of the insolvent debtor’s debts or a scheme of arrangement of the insolvent debtor’s affairs (called in this Part a voluntary arrangement) may apply to the Court for an interim order under this Part.
debtor
“debtor” means the individual to whom a debt repayment scheme applies under this Part;
No partner in an insolvent firm may apply to the Court for an interim order in respect of the firm unless all or a majority of the partners in the firm join or intend to join in the making of the proposal for a voluntary arrangement.
firm
“firm” means an unincorporated body of individuals carrying on business in partnership with a view to profit;
During the period for which an interim order is in force —
where the interim order is in respect of an individual debtor —
no bankruptcy application may be made or proceeded with against the debtor; and
no other proceedings, enforcement order or other legal process may be issued, continued or executed against the person or property of the debtor without the permission of the Court; and
where the interim order is in respect of a firm —
no bankruptcy application may be made or proceeded with against the firm or, except with the permission of the Court, any partner in the firm; and
no other proceedings, enforcement order or other legal process may be issued, continued or executed against the firm or its property or against the person or property of any partner in the firm, without the permission of the Court.
An interim order ceases to have effect 42 days after the making of that interim order unless the Court otherwise directs.