C1 Part XI Interpretation for Second Group of Parts

Annotations:
Modifications etc. (not altering text)
C1

Second Group of Parts (Pts. 8-11) modified (31.12.1996) by 1991 c. 57, Sch. 10 (as substituted by 1995 c. 25, s. 120(1), Sch. 22 para. 183 (with ss. 7(6), 115, 117); S.I. 1996/2909, art. 3)

Second Group of Parts (Pts. 8-11) modified (11.11.1999 for specified purposes and 6.4.2002 otherwise) by 1999 c. 30, s. 12(1); S.I. 2002/153, art. 2(b)

383AF1“Opted-out creditor”

1

For the purposes of this Group of Parts “opted-out creditor” in relation to an office-holder for an individual means a person who—

a

is a creditor of the individual, and

b

in accordance with the rules has elected (or is deemed to have elected) to be (and not to cease to be) an opted-out creditor in relation to the office-holder.

2

In this section, “office-holder”, in relation to an individual, means—

a

where a bankruptcy order is made against the individual, the official receiver or the trustee in bankruptcy;

b

where an interim receiver of the individual's property is appointed, the interim receiver;

c

the supervisor of a voluntary arrangement approved under Part 8 in relation to the individual.