Personal insolvency

Personal insolvency guidance:

This Practice Note has been archived and is not maintained. Introduction The Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024 were published and laid...

Practice Note

Bankruptcy is an insolvency process for individuals, which commences on the day the bankruptcy order is made. Until 6 April 2016, unlike its corporate equivalent...

Practice Note

Equity of exoneration Where the property of a spouse is charged in order to raise money for the payment of the first spouse’s debts or otherwise for his or her benefit,...

Practice Note

When an individual is adjudicated bankrupt, his property (with the exception of an interest in various short-term residential tenancies in certain circumstances) vests in...

Practice Note

Eligibility Part VI of the County Courts Act 1984 (CCA 1984) introduces a new form of administration procedure for debtors who do not have any business debts and whose...

Practice Note

What is a DRO? DROs are 'a new and simplified way of wiping the slate clean for debtors who are too poor to go bankrupt.' A DRO is made in respect of qualifying debts. A...

Practice Note

What happens when a debtor dies? A person may die insolvent. Their estate will be insolvent where its value is insufficient to meet all the debts and liabilities in full....

Practice Note

In addition to the better-known company voluntary arrangements (CVAs) and individual voluntary arrangements (IVAs), the insolvency legislation permits insolvent general...

Practice Note