### Bankruptcy Ordinance 《破產條例》

20C. Cases in which interim order can be made
(1) The court shall not make an interim order on an application under section 20A unless it is satisfied—
(a) that the debtor intends to make a proposal;
(b) that on the day of the making of the application the debtor was an undischarged bankrupt or was able to petition for his own bankruptcy; and
(c) that no previous application has been made by the debtor for an interim order in the period of 12 months ending with that day.
(2) The court may make an order if it thinks that it would be appropriate to do so for the purpose of facilitating the consideration and implementation of the debtor’s proposal.
(3) Where the debtor is an undischarged bankrupt, the interim order may contain provision as to the conduct of the bankruptcy, and the administration of the bankrupt’s estate, during the period for which the order is in force.
(4) Subject to subsections (5) and (6), the provision contained in an interim order by virtue of subsection (3) may include provision staying proceedings in the bankruptcy or modifying any provision of this Ordinance or the rules in their application to the debtor’s bankruptcy.
(5) An interim order shall not, in relation to a bankrupt, make provision relaxing or removing any of the requirements of this Ordinance or the rules, unless the court is satisfied that that provision is unlikely to result in any significant diminution in, or in the value of, the debtor’s estate for the purposes of the bankruptcy.
(6) Subject to sections 20A to 20L, an interim order made on an application under section 20A ceases to have effect at the end of the period of 14 days beginning with the day after the making of the order. 
(Added 76 of 1996 s. 13)

### Bankruptcy Ordinance 《破產條例》

20D. Nominee’s report on debtor’s proposal
(1) Where an interim order has been made on an application under section 20A, the nominee shall, before the order ceases to have effect, submit a report to the court stating—
(a) whether, in his opinion, a meeting of the debtor’s creditors should be summoned to consider the debtor’s proposal; and
(b) if in his opinion such a meeting should be summoned, the date on which, and time and place at which, he proposes the meeting should be held.
(2) For the purpose of enabling the nominee to prepare his report the debtor shall submit to the nominee—
(a) a document setting out the terms of the voluntary arrangement which the debtor is proposing; and
(b) a statement of his affairs containing—
(i) such particulars of his creditors and of his debts and other liabilities and of his assets as may be prescribed; and
(ii) such other information as may be prescribed.
(3) The court may, on an application made by the debtor or the nominee in a case where the nominee has failed to submit the report required by this section, direct that the interim order shall continue, or (if it has ceased to have effect) be renewed, for such further period as the court may specify in the direction.
(4) If the court is satisfied on receiving the nominee’s report that a meeting of the debtor’s creditors should be summoned to consider the debtor’s proposal, the court shall direct that the period for which the interim order has effect shall be extended, for such further period as it may specify in the direction, for the purpose of enabling the debtor’s proposal to be considered by his creditors.
(5) The court may discharge the interim order if it is satisfied, on the application of the nominee—
(a) that the debtor has failed to comply with his obligations under subsection (2); or
(b) that for any other reason it would be inappropriate for a meeting of the debtor’s creditors to be summoned to consider the debtor’s proposal.
(Added 76 of 1996 s. 13)

### Bankruptcy Ordinance 《破產條例》

20E. Summoning of creditors’ meeting
(1) Where it has been reported to the court under section 20D that a meeting of the debtor’s creditors should be summoned, the nominee shall, unless the court otherwise directs, summon that meeting for the time, date and place proposed in his report.
(2) The persons to be summoned to the meeting are every creditor of the debtor of whose claim and address the person summoning the meeting is aware.
(3) For this purpose the creditors of a debtor who is an undischarged bankrupt include—
(a) every person who is a creditor of the bankrupt in respect of a bankruptcy debt; and
(b) every person who would be such a creditor if the bankruptcy had commenced on the day on which notice of the meeting is given.
(Added 76 of 1996 s. 13)

20F. Decisions of creditors’ meeting
(1) A creditors’ meeting summoned under section 20E shall decide whether to approve the proposed voluntary arrangement.
(2) The meeting may approve the proposed voluntary arrangement with modifications, but shall not do so unless the debtor consents to each modification.
(3) The meeting shall not approve any proposal or modification which affects the right of a secured creditor of the debtor to enforce his security, except with the concurrence of the creditor concerned.
(4) The meeting shall not approve any proposal or modification under which—
(a) any debt of the debtor that is given priority under section 38 is to be paid otherwise than in priority to such of his debts as are not given such priority; or
(b) a creditor of the debtor in respect of a debt that is given priority under section 38 is to be paid an amount that is less than he would be entitled to under the provisions of that section,
except with the concurrence of the creditor concerned.
(5) The meeting shall be conducted in accordance with the rules.
(Added 76 of 1996 s. 13)

20G. Report of decisions to court
(1) After the conclusion in accordance with the rules of the meeting summoned under section 20E, the nominee shall report the result of the meeting to the court and, immediately after so reporting, shall give notice of the result of the meeting to such persons as may be prescribed.
(2) If the report is that the meeting has declined (with or without modifications) to approve the debtor’s proposal, the court may discharge any interim order which is in force in relation to the debtor.
(Added 76 of 1996 s. 13)