The moratorium automatically ends 20 business days from the day after the moratorium comes into force. This can however be extended by a further 20 business days without creditor consent. It can also be extended for up to 12 months with the consent of creditors and/or a court order.
The moratorium will automatically be extended in some cases. For instance, where the Company proposes a CVA or is brought to an end if the Company enters into administration or liquidation.