The Insolvency (England and Wales) Rules 2016—Part 8: Individual voluntary arrangements [Archived]
Produced in partnership with Dawn McCambley of Radcliffe Chambers
The Insolvency (England and Wales) Rules 2016—Part 8: Individual voluntary arrangements [Archived]

The following Restructuring & Insolvency guidance note Produced in partnership with Dawn McCambley of Radcliffe Chambers provides comprehensive and up to date legal information covering:

  • The Insolvency (England and Wales) Rules 2016—Part 8: Individual voluntary arrangements [Archived]
  • Interpretation
  • Commencement of the IVA process
  • Interim Order
  • Procedure where there is no IO
  • Creditor engagement
  • Action following approval of an IVA
  • Transitional provisions

This Practice Note has been archived and is not maintained.

The Insolvency (England and Wales) Rules 2016, SI 2016/1024 (IR 2016) were laid before Parliament on 25 October 2016 and are in force from 6 April 2017. They are intended to consolidate the Insolvency Rules 1986, SI 1986/1925 (IR 1986) and all statutory instruments amending the IR 1986, SI 1986/1925 (which are all repealed), modernise and simplify the language used, and incorporate changes made in the law. For materials on IVAs under the law prior to 6 April 2017, see: Individual voluntary arrangements—overview.

The IR 2016, SI 2016/1024 are accompanied by an Explanatory Memorandum (prepared by the Department for Business, Energy & Industrial Strategy in conjunction with the Insolvency Service) which, although not forming part of IR 2016, SI 2016/1024 (and not approved by Parliament), may assist in understanding IR 2016.

Being the single largest change to insolvency law in a generation, we have produced a series of Practice Notes describing most of the individual Parts of the IR 2016, SI 2016/1024 summarising what changes there are, and also where there are no changes other than new rule numbers.

This Practice Note is concerned with IR 2016, SI 2016/1024, Part 8 in relation to individual voluntary arrangements (IVAs), and which largely replaces IR 1986, SI 1986/1925, Part 5.

For further reading on IR 2016, SI 2016/1024,