Insolvency

Whether it is you facing personal insolvency, or you are caught up in the consequences of someone else’s insolvency, then we can help. Members of our Dispute Resolution team who specialise in insolvency cases have been recognised by The Legal 500 as peers in the profession, and can, therefore, advise you quickly and efficiently upon the steps you need to take to tackle the issues faced by you.

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What's new in the world of Insolvency?

As always our IP Alerter provides you with a snapshot of the key developments and insight into key cases. The cases covered in this issue include:

Sort out debts this Blue Monday to avoid being left out in the cold

Monday 21 January has become known as Blue Monday. It has been saddled with lots of negative connotations, from long, dark, cold days to distant paydays and the festive season a distant memory. However, one of the major contributions to Blue Monday is debt as the Christmas credit card bills start to land on the doormat. But, addressing debt early doesn’t have to be scary – and it can help you avoid a whole host of problems later on.

The New Insolvency Rules 2017

The new Insolency Rules will come into force on 6th April 2017.

Timing for Filing the Notice of Conversion from Administration to CVL

Author: Chris Millar

Progress reports are now dealt with in Part 18 of the IR 2016.

Bankruptcy

Author: Chris Millar

(a) The High Court has confirmed in the recent case of Mohammed Safier v Wendy Wardell [2017] EWHC 20 that third party funds should not be paid into the ISA, and therefore do not attract the Secretary of State’s administration fee.

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