Council Regulation (EC) No 1346/2000 on insolvency proceedings (Insolvency Regulation) provides that the courts of the Member State within the territory of which the centre of a debtor’s main interests is situated shall have jurisdiction to open insolvency proceedings. A COMI certificate indicating a debtor’s centre of main interest (COMI) must be supplied as part of any application that contains EU debt.
If the COMI is Republic of Ireland, and the PIA is processed through the ISI, I wonder how would this be recorded on UK credit reference agencies such as Experian and others.
I have a business bank account in UK with an overdraft on it, would this get cancelled in a PIA?