Section 256A(3)

If the nominee is of the opinion that the debtor is an undischarged bankrupt, or is able to make a bankruptcy application , the nominee shall, within 14 days (or such longer period as the court may allow) after receiving the document and statement mentioned in subsection (2), submit a report to the debtor's creditors stating— whether, in his opinion, the voluntary arrangement which the debtor is proposing has a reasonable prospect of being approved and implemented, and whether, in his opinion, the debtor's creditors should consider the debtor’s proposal ... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

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Source: legislation.gov.uk · retrieved 2026-09-04