Remedy
Start free

Section 248A: "Opted-out creditor"

Insolvency Act 1986 · 1986 c. 45View on legislation.gov.uk

Part VII: Interpretation for First Group of Parts

For the purposes of this Group of Parts "opted-out creditor", in relation to an office-holder of a company, means a person who—

is a creditor of the company, and
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.

In this section, "office-holder", in relation to a company, means—

a liquidator, provisional liquidator, administrator or administrative receiver of the company,
a receiver appointed under section 51 in relation to any property of the company, or
the supervisor of a voluntary arrangement which has taken effect under Part 1 in relation to the company.

About this text

This legislation text comes from legislation.gov.uk. Contains public sector information licensed under the Open Government Licence v3.0. These source and reuse terms cover the legislation text, not Remedy's commentary.

Reuse reviewed 21 August 2026 under Open Government Licence v3.0.