Moratorium Extension Notice (Under Section A10/A11)
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Jurisdiction
England and WalesRelevant sectors
Type of legal document
💼 Moratorium extension noticeBusiness activity
Extend moratoriumA moratorium extension notice is a legal notice that extends the amount of time a person has to file a lawsuit. This notice can be filed by either the plaintiff or the defendant in a case. The notice typically extends the statute of limitations by six months to one year.
The Moratorium Extension Notice (Under Section A10/A11) under UK law is a legal template designed to facilitate the extension of an existing moratorium. A moratorium is a period during which individuals or businesses facing financial distress are protected from legal enforcement actions by creditors. This notice template specifically refers to sections A10 and A11 of the insolvency legislation in the United Kingdom.
The purpose of this legal document is to formally notify relevant parties that a moratorium is being extended for a specific duration. It sets out the necessary information, such as the names and details of the debtor(s) and the appointed monitor (an insolvency practitioner responsible for overseeing the moratorium). Additionally, it outlines the legal references and provisions supporting the extension, which comply with the requirements set forth in sections A10/A11 of the UK insolvency legislation.
The Moratorium Extension Notice serves as an essential document to ensure transparency and compliance with the legal framework surrounding moratoriums in the UK. By providing this template, it aims to assist individuals, insolvency practitioners, legal professionals, and businesses in adhering to the applicable procedures and notifying the relevant parties about the extension of a moratorium period.
The purpose of this legal document is to formally notify relevant parties that a moratorium is being extended for a specific duration. It sets out the necessary information, such as the names and details of the debtor(s) and the appointed monitor (an insolvency practitioner responsible for overseeing the moratorium). Additionally, it outlines the legal references and provisions supporting the extension, which comply with the requirements set forth in sections A10/A11 of the UK insolvency legislation.
The Moratorium Extension Notice serves as an essential document to ensure transparency and compliance with the legal framework surrounding moratoriums in the UK. By providing this template, it aims to assist individuals, insolvency practitioners, legal professionals, and businesses in adhering to the applicable procedures and notifying the relevant parties about the extension of a moratorium period.
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