The office-holder

The office-holder guidance:

Appointment A receiver is one who is appointed to a corporation with power to receive income and other property and to pay necessary outgoings, but with no power to carry...

Practice Note

The Insolvency Act 1986 (IA 1986) and Insolvency (England and Wales) Rules 2016, SI 2016/1024 (IR 2016) give insolvency office-holders in certain situations the power to...

Practice Note

Nature and background to block transfer orders In recent times, it has become much more common for insolvency practitioners (IPs) to move between firms than previously...

Practice Note

As a basic rule administrators enjoy a great deal of protection. Their agency status means they rarely incur personal liability, and the company over which...

Practice Note

Grounds to challenge an individual voluntary arrangement An application can be made to challenge the approval of an individual voluntary arrangement (IVA) on one or both...

Practice Note

Grounds to challenge the company voluntary arrangement An application can be made to challenge the approval of a company voluntary arrangement (CVA) on one or both of two...

Practice Note

This Practice Note provides a summary of consumer credit law following the transfer of regulatory oversight to the Financial Conduct Authority (FCA). In particular, the...

Practice Note

Under section 15 of the Bankruptcy Act 1914 (the predecessor to the Insolvency Act 1986 (IA 1986)), a public examination was required in every case where a...

Practice Note

The duty of insolvency office-holders to preserve information, and its relationship with the Civil Procedure Rules The rights and duties of insolvency...

Practice Note

Brexit impact—cross-border insolvency (Insolvency (Amendment) (EU Exit) Regulations 2019, SI 2019/146) This Practice Note is impacted by the decision of...

Practice Note

Brexit impact—cross-border insolvency (Insolvency (Amendment) (EU Exit) Regulations 2019, SI 2019/146) This Practice Note is impacted by the decision of the UK on 23 June...

Practice Note

What is the IPA? The Insolvency Practitioners Association (IPA) is a recognised professional body (RPB) for the purposes of authorising (licensing)...

Practice Note

As part of the government’s ongoing drive to improve corporate transparency and tackle corruption, the UK became the first G20 country to establish a publicly accessible...

Practice Note

The official receiver (OR) deals with the administration and investigation of all personal and corporate insolvencies, including partnerships, arising through orders made...

Practice Note

All insolvency processes allow for the joint appointment of office-holders if required. Whether it is appropriate or not to have two office-holders will...

Practice Note

Contract Where a contract is made by two or more parties it may contain a promise or obligation made by two or more of those parties. Any such promise may be: • joint •...

Practice Note