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Rule 2.2The Insolvency Act 1986Form 2.1B (Scot) Rule 2.4 Rule 2.10 Rule 2.16 Rule 2.53 Statement of proposed administratorPursuant to paragraph 18(3) or 29(3) of Schedule B1 to the Insolvency Act
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Insolvency Form Scotland 2-1B is a legal document used in Scotland to initiate insolvency proceedings for individuals or companies facing financial difficulties.
Individuals or companies that are unable to pay their debts and wish to declare insolvency are required to file this form.
To fill out the form, you need to provide details about your financial situation, including assets, liabilities, and personal information. It's advisable to seek legal or financial advice for accurate completion.
The purpose of the form is to formalize the declaration of insolvency and to provide a clear record of the financial status of the individual or company to the court.
The form must report details such as the debtor's personal information, a list of creditors, the nature and value of assets, liabilities, and any other relevant financial information.
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