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Section 383A: "Opted-out creditor"

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

Part XI: Interpretation for Second Group of Parts

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

is a creditor of the individual, 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 an individual, means—

where a bankruptcy order is made against the individual, the official receiver or the trustee in bankruptcy;
where an interim receiver of the individual's property is appointed, the interim receiver;
the supervisor of a voluntary arrangement approved under Part 8 in relation to the individual.

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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.