7. Can Miss M avoid bankruptcy proceedings against her during the effective period of the IVA proposal?
Miss M can avoid bankruptcy proceedings if she complies with her obligations under the IVA.
- the debtor has failed to comply with the relevant obligations under the IVA; or
- the debtor provided false or misleading information or omitted items that were important for considering and approving the IVA proposal; or
- the debtor failed to do all such things for the purpose of the IVA that have been reasonably required by the Nominee of the voluntary arrangement.