Commentary

13 Consolidation of provisions to reduce repetition

BANKRUPTCY AND INSOLVENCY (INDIVIDUAL INSOLVENCY) vol 3(2)

13 Consolidation of provisions to reduce repetition

13 Consolidation of provisions to reduce repetition

The rules relating to distributions, decision-making, creditors’ committees, officeholder remuneration and disclaimer, which previously appeared in more than one place within the parts applicable to different insolvency procedures, have been grouped together under new parts of the Insolvency (England and Wales) Rules 20161. Where possible, this results in a single regime under the rules applicable to all types of procedures, but there are exceptions, for example, various rules dealing with creditors’ claims and distributions are stated to apply only to administration and winding up, because the corresponding provision in bankruptcy proceedings

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