Skip to content

CS Professional · Insolvency and Bankruptcy - Law and Practice · Fresh Start Process

A fresh start application by Salim was admitted on 1 April. Assuming no revocation order is made, when does the moratorium cease to have effect?

The moratorium ends at the close of 180 days beginning with the date of admission, unless the admitting order is revoked earlier on the resolution professional's application. It is not tied to the filing date or to the professional's report.

  1. AAt the end of 90 days from admission
  2. BAt the end of 180 days beginning with the date of admissionCorrect
  3. CAt the end of 12 months from the date of filing
  4. DOn the date the resolution professional submits his report

Explanation

The moratorium ceases at the end of 180 days beginning with the date of admission, unless the admission order is revoked earlier. The interim-moratorium is different, ending on admission or rejection.

Did you get it right without looking?

One question tells you little. A timed set on Fresh Start Process shows your real accuracy, how long you take and where you lose marks.

Practise Fresh Start ProcessFree diagnostic mock

More Fresh Start Process questions