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!.