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...
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...
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...
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...
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...
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...
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...
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...
The duty of insolvency office-holders to preserve information, and its relationship with the Civil Procedure Rules The rights and duties of insolvency...
Brexit impact—cross-border insolvency (Insolvency (Amendment) (EU Exit) Regulations 2019, SI 2019/146) This Practice Note is impacted by the decision of...
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...
What is the IPA? The Insolvency Practitioners Association (IPA) is a recognised professional body (RPB) for the purposes of authorising (licensing)...
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...
The official receiver (OR) deals with the administration and investigation of all personal and corporate insolvencies, including partnerships, arising through orders made...
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...
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 •...