Commentary

286 Significant differences between administration of an estate out of court and in court

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

286 Significant differences between administration of an estate out of court and in court

| Commentary

286 Significant differences between administration of an estate out of court and in court

The modifications to the Insolvency Act 1986 set out in Schedule 2 to the Administration of Insolvent Estates of Deceased Persons Order 1986 are drawn on the basis that the insolvency administration order takes effect not from the date of the order as with a normal bankruptcy, but from the date of death, though it will not be made then and may not be made until years later. This has a number of consequences of which two in particular need to be highlighted.

First, in Re Palmer1,

To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to LexisLibrary or register for a free trial