Schedule 10, paragraph 2

This paragraph applies in relation to a petition which is presented in England and Wales by a creditor under section 124 of the 1986 Act during the relevant period. Rule 7.5(1) of the Insolvency Rules has effect as if it also required the petition to contain a statement— that the requirements in paragraph 1 of this Schedule are met, and that no proposals for the payment of the debt have been made, or a summary of the reasons why the proposals are not to the creditor’s satisfaction (as the case may be).

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