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Insolvency Rules 1986 – All change

Author: Chris Millar

The Insolvency Rules 1986 are likely to be replaced wholesale by new Rules later this year which are likely to provide, inter alia:

  • Debtor Bankruptcy Petitions will be determined by an adjudicator outside the Court.
  • No prescribed form of individual Statutory Demand or creditors Bankruptcy Petition (so presumably we can make one up?).
  • The removal of prescribed meetings e.g. for CVA/IVA.

Watch this space!.

Chris Millar

Chris Millar

Senior Partner

Tel: +44 (0) 1306 502225

Office: Dorking

Email: c.millar@downslaw.co.uk