72KA. Notification of simplified debt restructuring

Terms defined in this Act

• company

  company

  Defined · s 2

  “company” has the meaning given by section 4(1) of the Companies Act 1967;

  Open s 2
• debt

  debt

  Defined · s 288

  “debt” means any debt, or any liability to pay money, that is unsecured, present, certain, and of an amount that is fixed or liquidated;

  Open s 288
• default penalty

  default penalty

  Defined · s 61

  “default penalty” means a default penalty within the meaning given by section 267;

  Open s 61
• document

  document

  Defined · s 61

  “document” includes any summons, order or other legal process, any notice and any register;

  Open s 61
• goods

  goods

  Defined · s 273

  “goods” includes all chattels personal;

  Open s 273
• officer

  officer

  Defined · s 61

  “officer”, in relation to a corporation, includes —(a)a director or secretary of the corporation, or a person employed in an executive capacity by the corporation;(b)a receiver and manager of any part of the undertaking of the corporation appointed under a power contained in any instrument; and(c)a liquidator of a company appointed in a voluntary winding up,but does not include —(d)a receiver who is not also a manager;(e)a receiver and manager appointed by the Court;(f)a liquidator appointed by the Court or by the creditors; or(g)a judicial manager appointed under Part 7;

  Open s 61
• simplified debt restructuring programme

  simplified debt restructuring programme

  Defined · s 72A

  “simplified debt restructuring programme” means the programme established in section 72C;

  Open s 72A