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The new Insolvency (England & Wales) Rules 2016, SI 2016/1024 come into force on 6 April 2017. We look at the impact on forms and discuss our plans for new forms.
One of the most significant and immediate impacts of the new Insolvency Rules 2016—which come into force on 6 April 2017—is that, while Companies House and the Insolvency Service will continue to produce some forms, the format of other notices and documents will no longer be in a prescribed form. LexisNexis is working with leading practitioners from the insolvency profession to produce suggested forms to replace the existing prescribed forms, which we expect to be widely adopted by the industry.
A more detailed release timetable will be published shortly and all forms will be made available well in advance of 6 April 2017.
First published on Lexis®PSL Restructuring and Insolvency
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