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Section 303 of Insolvency Act CAP 53: Interpretation: Division 1

    

(1) In this Division—
"debtor" means a debtor who is a natural person;
"interim order" means an order made under section 306;
"proposal" means a proposal made by a debtor to the debtor's creditors for a composition in satisfaction of the debtor's debts or a scheme of arrangement of the debtor's financial affairs;
"provisional supervisor", in relation to a proposal, means the person designated as referred to in section 306(1)(d);
"supervisor", in relation to a voluntary arrangement, means the person who is for the time being performing the functions imposed as a result of the approval of the arrangement by the creditors of the debtor under the arrangement;
"voluntary arrangement", in relation to a debtor, means a proposal that has taken effect in accordance with section 312(1).
(2) For the purposes of this Division, a voluntary arrangement approved by a creditors' meeting convened under section 309 ends prematurely if, when it ceases to have effect, it has not been fully implemented in respect of all persons bound by the arrangement because of section 312(2)(b).

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