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A summary of the key changes in the Insolvency Rules 2016

Published on: 02 November 2016
Published by: LexisPSL
  • A summary of the key changes in the Insolvency Rules 2016
  • Introduction
  • The structure of the 2016 Rules and abolition of statutory forms
  • Changes to jurisdictional provisions
  • Changes to creditors’ meetings
  • Changes to officeholder reports and communications
  • Distributions without formal claim for debts of less than £1000
  • Changes to the appointment of trustees
  • Insolvency practitioners as interim receivers in bankruptcy proceedings

Article summary

Restructuring & Insolvency analysis: The long awaited Insolvency Rules 2016 (the 2016 Rules) were published and laid before parliament on 25 October 2016. The rules will come in to force on 6 April 2017. This note, prepared by Sarah Clarke of Hardwicke, summarises the key features of the new rules. or take a trial to read the full analysis.

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