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...
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...
What is the IPA? The Insolvency Practitioners Association (IPA) is a recognised professional body (RPB) for the purposes of authorising (licensing) insolvency...
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...
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 depend on the...
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 •...
This Practice Note covers the roles, powers, duties and liabilities of court-appointed receivers who are appointed pursuant to the Proceeds of Crime Act 2002 or the Drug...
The role and function of a liquidator A liquidator is the officer appointed when a company goes into liquidation who has responsibility for collecting in all of the...
This Practice Note looks at the roles, powers, functions and duties of the trustee in bankruptcy (trustee). This Practice Note is drafted from the point of view that an...
The role, powers and duties of an appointed administrator are set out in the Insolvency Act 1986 (IA 1986) and Insolvency (England and Wales) Rules 2016 (IR 2016), SI...
Powers—general The statutory powers conferred on an LPA/fixed charge receiver are very limited and so for a receiver to exercise the duties which his appointing mortgagee...
Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...
Administration of the scheme The scheme document will need to specify how the scheme of arrangement (scheme) will be administered and by whom. In circumstances where...
Who is the nominee/supervisor and what is their role in the individual voluntary arrangement? The nominee and the supervisor are key individuals in an IVA. They are often...
What is an administrative receiver? The Insolvency Act 1986 (IA 1986) sets out what an administrative receiver is as follows: • a receiver or manager of the whole (or...
This Practice Note covers the roles, powers, duties and liabilities of court-appointed receivers who are appointed pursuant to the Proceeds of Crime Act 2002 or the Drug...
This Practice Note looks at the roles, powers, functions and duties of the trustee in bankruptcy (trustee). This Practice Note is drafted from the point of view that an...
The role, powers and duties of an appointed administrator are set out in the Insolvency Act 1986 (IA 1986) and Insolvency (England and Wales) Rules 2016 (IR 2016), SI...
Powers—general The statutory powers conferred on an LPA/fixed charge receiver are very limited and so for a receiver to exercise the duties which his appointing mortgagee...
Administration of the scheme The scheme document will need to specify how the scheme of arrangement (scheme) will be administered and by whom. In circumstances where...
This Practice Note has been archived and is not maintained. The Small Business, Enterprise and Employment Act 2015 (SBEEA 2015) received Royal Assent on 26 March 2015 and...
This Practice Note has been archived and is not maintained. The Small Business, Enterprise and Employment Act 2015 (SBEEA 2015) received Royal Assent on 26 March 2015 and...
Statement of Insolvency Practice (SIP) 16—background and key amendments The independent Graham Report on pre-pack administrations was published in June 2014, and while...
What are Statements of Insolvency Practice? Insolvency practitioners are required to comply with both legislation and Statements of Insolvency Practice (SIPs). SIPs are a...
Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...
This Practice Note has been archived and is not maintained. Note that on 6 April 2017 the Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024 replaced the...
ARCHIVED: This Practice Note has been archived and is not maintained. The Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024 were laid before Parliament on...