Fresh start debtor duties require prompt disclosure to the resolution professional, including material errors and financial changes. Section 88 of the Insolvency and Bankruptcy Code, 2016 requires the debtor under the Fresh Start process to provide the resolution professional with all information relating to his affairs, attend meetings, comply with the resolution professional's requests, and promptly notify the resolution professional of any material error or omission in supplied information or any change in financial circumstances after the application date that impacts the Fresh Start process.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Fresh start debtor duties require prompt disclosure to the resolution professional, including material errors and financial changes.
Section 88 of the Insolvency and Bankruptcy Code, 2016 requires the debtor under the Fresh Start process to provide the resolution professional with all information relating to his affairs, attend meetings, comply with the resolution professional's requests, and promptly notify the resolution professional of any material error or omission in supplied information or any change in financial circumstances after the application date that impacts the Fresh Start process.
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