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Legislation
Small Business, Enterprise and Employment Act 2015

Crossheading Small debts

  • Section 131 Creditors not required to prove small debts: company insolvency
  • Section 132 Creditors not required to prove small debts: individual insolvency
  1. Small debts
  2. Creditors not required to prove small debts: company insolvency

Section 131 | Creditors not required to prove small debts: company insolvency

From legislation.gov.uk

In Schedule 8 to the Insolvency Act 1986 (provisions capable of inclusion in company insolvency rules) after paragraph 13 insert—

13AProvision for a creditor who has not proved a small debt to be treated as having done so for purposes relating to the distribution of a company's property (and for provisions of, or contained in legislation made under, this Act to apply accordingly).

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