Q&As

Are there any sanctions for a trustee in bankruptcy failing to deliver a copy of the progress report to the creditors within two months of the end of the period covered by the report as required by the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024, r 18.8(6)? Under IR 2016, SI 2016/1024, r 18.6 (relating to progress reports in administration), there is an express sanction for failure to deliver a progress report in the time limit.

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Produced in partnership with Caroline Clark
Published on LexisPSL on 16/05/2019

The following Restructuring & Insolvency Q&A produced in partnership with Caroline Clark provides comprehensive and up to date legal information covering:

  • Are there any sanctions for a trustee in bankruptcy failing to deliver a copy of the progress report to the creditors within two months of the end of the period covered by the report as required by the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024, r 18.8(6)? Under IR 2016, SI 2016/1024, r 18.6 (relating to progress reports in administration), there is an express sanction for failure to deliver a progress report in the time limit.

Are there any sanctions for a trustee in bankruptcy failing to deliver a copy of the progress report to the creditors within two months of the end of the period covered by the report as required by the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024, r 18.8(6)? Under IR 2016, SI 2016/1024, r 18.6 (relating to progress reports in administration), there is an express sanction for failure to deliver a progress report in the time limit.

Progress reports are to be sent to creditors by insolvency practitioners (IPs) appointed as administrators or liquidators of companies under sections 92A and 104A of the Insolvency Act 1986 (IA 1986) or trustees in bankruptcy under the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024, r 18.8. The progress reports have to give information including the action taken by the office-holder during the period covered by the progress report, the remuneration drawn by the insolvency office-holder and likely outcome of

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