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Amendments to the Insolvency Bill [H.L.]

Insolvency Bill [H.L.] -
Amendments to be debated in the House of Lords

Here you can browse the Marshalled List of Amendments to the Insolvency Bill [H.L.] to be moved on Report in the House of Lords.

 [Amendments marked * are new or have been altered] 
Amendment
No.
 
  
Clause 4
 
  
BY THE BARONESS BUSCOMBE
THE LORD KINGSLAND
 
1     Page 2, line 17, leave out subsection (3) 
2     Page 2, line 20, leave out subsection (4) 
  
Schedule 1
 
  
BY THE BARONESS BUSCOMBE
THE LORD KINGSLAND
 
3     Page 12, line 16, after ("arrangement") insert ("(with or without modifications)") 
4     Page 12, line 39, after ("arrangement") insert ("(with or without modifications)") 
5     Page 13, line 12, leave out ("either of those meetings") and insert ("the meeting of creditors") 
6     Page 14, leave out line 19 
7     Page 14, line 28, at end insert--
 
    ("(  )  Nothing in sub-paragraph (1) requires the leave of the court for the appointment of an administrative receiver of the company.")
 
8     Page 14, line 49, leave out from beginning to end of line 25 on page 15 
9     Page 15, leave out lines 23 to 25 and insert--
 
    ("14.--(1)  Any security granted by the company at a time when a moratorium is in force in relation to the company is invalid except for the extent of the aggregate of--
    (a)  the amount of any money paid, or the value of goods or services supplied, to the company at the same time as, or after, the security is granted and which is, and is intended to be, secured by the security, and
    (b)  the amount of such interest (if any) as is payable on the amount falling within paragraph (a) in pursuance of any agreement under which the money was so paid or the goods or services were so supplied.
    (2)  For the purposes of sub-paragraph (1)(a) the value of any goods or services supplied is the amount in money which at the time they were supplied could reasonably have been expected to be obtained for supplying the goods or services in the ordinary course of business and on the same terms (apart from the consideration) as those on which they were supplied to the company.")
 
10     Page 16, line 35, at end insert--
 
    ("(4)  A disposal of the company's property to any person other than a person who is connected with the company shall not be avoided only on the ground that sub-paragraph (1) was not satisfied.")
 
11     Page 18, line 18, leave out from ("arrangement") to ("has") in line 20 and insert ("(with or without modifications)") 
12     Page 18, line 39, leave out from ("arrangement") to ("has") in line 41 and insert ("(with or without modifications)") 
13     Page 20, line 39, leave out (", or authorised to act as nominee,") 
14     Page 21, line 47, leave out (", or authorised to act as nominee,") 
15     Page 23, leave out line 10 and insert--
          ("(ii)  could have been so entitled (but was not present or represented at it) but did not have notice of it,")
 
16     Page 23, leave out lines 42 and 43 and insert--
    ("(b)  a person who could have been entitled, in accordance with the rules, to vote at the creditors' meeting but did not have notice of it, and")
 
17     Page 25, line 21, leave out (", or authorised to act as supervisor,") 
18     Page 26, line 36, leave out ("(c), (d) and (e)") and insert ("(a) to (f)") 
19     Page 26, line 39, leave out ("to the value of £500 or more") 
20     Page 26, line 41, leave out ("to the value of £500 or more") 
21     Page 27, leave out lines 24 and 25 
22     Page 28, leave out lines 7 to 10 
  
Schedule 2
 
  
BY THE BARONESS BUSCOMBE
THE LORD KINGSLAND
 
23     Page 30, line 41, leave out paragraph 2 
24     Page 30, line 48, after ("arrangement") insert ("(with or without modifications)") 
25     Page 31, line 5, leave out (", or authorised to act as nominee,") 
26     Page 31, line 7, leave out paragraph 4 
27     Page 31, leave out lines 35 and 36 and insert--
          ("(ii)  could have been entitled to vote at that meeting (but was not present or represented at it) but did not have notice of it,")
 
28     Page 31, leave out lines 49 and 50 and insert--
    (""(aa)  a person who could have been entitled, in accordance with the rules, to vote at the creditors' meeting but did not have notice of it".")
 
29     Page 32, line 43, leave out paragraph (c) 
  
Schedule 3
 
  
BY THE BARONESS BUSCOMBE
THE LORD KINGSLAND
 
30     Page 35, line 18, leave out (", or authorised to act as nominee,") 
31     Page 35, line 30, after ("proposing") insert ("(with or without modifications)") 
32     Page 35, line 42, leave out (", or authorised to act as nominee,") 
33     Page 36, line 30, after ("proposing") insert ("(with or without modifications)") 
34     Page 36, line 46, leave out (", or authorised to act as nominee,") 
35     Page 37, leave out line 13 and insert--
          ("(ii)  could have been so entitled (but was not present or represented at it) but did not have notice of it,")
 
36     Page 37, leave out lines 27 and 28 and insert--
          ("(ii)  could have been so entitled but did not have notice of it",")
 
37     Page 38, line 33, leave out paragraph (b) 
 
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