Guildhall Chambers

This Practice Note, produced in partnership with Simon Passfield KC and James Hannant of Guildhall Chambers, looks at debt relief orders (DROs) which allow eligible debtors with a low income, low amount of debt and low value of assets to apply to the official receiver to be discharged from their qualifying debts after the expiry of one year. A DRO is therefore an alternative process to bankruptcy, and does not result in the realisation of any asset.

This Q&A considers whether the benefit of an overage can be assigned to a third part before liquidation is finalised.

This Q&A deals with the standing of a defendant to challenge a judgment after he has been adjudged bankrupt.

This Q&A deals with the effect of recent amendments to the Insolvency Act 1986 (IA 1986) which remove the need for an office-holder to obtain sanction to issue certain proceedings.

This Q&A deals with the procedure for entering into creditors’ voluntary liquidation (CVL).