The following Restructuring & Insolvency guidance note provides comprehensive and up to date legal information covering:
This Practice Note has been archived and is not maintained.
The Small Business, Enterprise and Employment Act 2015 (SBEEA 2015) received Royal Assent on 26 March 2015. It contains a number of provisions that are relevant to insolvency professionals.
In this Practice Note, we consider the changes made in relation to:
the abolition of requirements to hold meetings in certain cases (SBEEA 2015, ss 122–123 and Sch 9)
the new deemed consent procedure (SBEEA 2015, ss 122–123 and Sch 9)
the ability for creditors to opt not to receive certain notices (SBEEA 2015, ss 124–125 and Sch 9)
creditors not being required to prove for small debts (SBEEA 2015, ss 131–132), and
progress reports (in relation to voluntary winding up) (SBEEA 2015, s 136)
This Practice Note sets out the commencement provisions and timing in relation to each of the above stated changes.
For details of the other major changes under the SBEEA 2015, see Practice Notes:
Small Business, Enterprise and Employment Act 2015—office-holder actions and removal of requirement to seek sanction [Archived]
Small Business, Enterprise and Employment Act 2015—amendments affecting the Company Directors Disqualification Act 1986
Small Business, Enterprise and Employment Act 2015—changes affecting administrations [Archived]
Small Business, Enterprise and Employment Act 2015—changes to regulation of IPs
Small Business, Enterprise and Employment Act 2015—trustees in bankruptcy [Archived]
**Trials are provided to all LexisPSL and LexisLibrary content, excluding Practice Compliance, Practice Management and Risk and Compliance, subscription packages are tailored to your specific needs. To discuss trialling these LexisPSL services please email customer service via our online form. Free trials are only available to individuals based in the UK. We may terminate this trial at any time or decide not to give a trial, for any reason. Trial includes one question to LexisAsk during the length of the trial.
To view the latest version of this document and thousands of others like it, sign-in to LexisPSL or register for a free trial.
Existing user? Sign-in
Take a free trial
0330 161 1234
To view our latest legal guidance content,sign-in to Lexis®PSL or register for a free trial.