The Deregulation Act 2015 [Archived]
The Deregulation Act 2015 [Archived]

The following Restructuring & Insolvency practice note provides comprehensive and up to date legal information covering:

  • The Deregulation Act 2015 [Archived]
  • The applicable insolvency sections
  • Section 17—authorisation of insolvency practitioners
  • Ability of IPs to obtain partial authorisation to act as an office-holder of either companies or individuals
  • All IPs to be authorised by recognised professional bodies
  • Section 19—insolvency and company law miscellaneous: provisions contained under Schedule 6
  • Part 1—Deeds of Arrangement
  • Part 2—administration of companies
  • Part 3—winding up of companies
  • Part 4—disqualification of unfit directors of insolvent companies
  • More...

The Deregulation Act 2015 [Archived]

This Practice Note has been archived and is not maintained.

Note that on 6 April 2017 the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024 replaced the Insolvency Rules 1986 (IR 1986), SI 1986/1925. The changes under the Deregulation Act 2015 were incorporated by way of the IR 2016. For further reading, see: The Insolvency (England and Wales) Rules 2016—overview and related relevant notes. For further reading on any transitional provisions that may apply, see Practice Note: The Insolvency (England and Wales) Rules 2016—Schedule 2: Transitional provisions [Archived]. Destination table for forms under the Insolvency (England and Wales) Rules 2016 [Archived] sets out equivalence between the forms previously prescribed under IR 1986, SI 1986/1925 and a set of suggested templates, designed to ensure users include the prescribed information under the IR 2016, SI 2016/1024 for a given submission or filing.

Under the Deregulation Act 2015 (Commencement No 6 and Savings Provision) Order 2016 certain provisions of the Deregulation Act 2015 (DA 2015) relating to bankruptcy provisions were brought into effect on 6 April 2017. The provisions include the replacement of the requirement in a bankruptcy based on a creditor’s petition to submit a statement of affairs to the official receiver with a power for the official receiver to require a statement of affairs. For more detail see: LNB News

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