Creditor-initiated insolvency resolution process adopts existing code provisions with modified terminology and specified procedural requirements. The creditor-initiated insolvency resolution process is brought within the Insolvency and Bankruptcy Code by applying, with necessary modifications, the provisions governing resolution process steps, avoidance transactions, and related liquidation and distribution provisions. References to the corporate insolvency resolution process, insolvency commencement date, and insolvency resolution process period are to be read as the corresponding creditor-initiated concepts. The process is also subject to such conditions and procedural requirements as may be specified.