Moratorium Section 1: Moratoriums in Great Britain
This section introduces a new Part A1 to the Insolvency Act 1986. It will be situated before Part 1 but within the First Group of Parts of that Act. The new Part A1 is made up of 8 Chapters, which set out details for determining whether a company is eligible for a moratorium, how a moratorium is obtained, the length of a moratorium, the effects of a moratorium, details regarding the role of the monitor, and further miscellaneous and supplementary matters.