Master the intricate landscape of personal financial distress with targeted insights and practical tools. Equip yourself with up-to-date strategies, detailed case law analysis, and regulatory guidance designed for swift, effective management of individual insolvency cases. Empower your practice with resources tailored to personal debtor and creditor issues, ensuring comprehensive support from initial advice to final resolution.
The following Restructuring & Insolvency news provides comprehensive and up to date legal information on New Practice Note: Official receivers—personal insolvency
Role, powers, functions and duties of a liquidatorThe role and function of a liquidatorA liquidator is the officer appointed when a company goes into...
Bonds and notesThe terms ‘bonds’ and ‘notes’ are used interchangeably (and there is no legal difference between the terms), though notes tend to be...
Bankruptcy searchesBankruptcy searches at the Land Charges DepartmentWhen a bankruptcy petition is presented by a creditor, the court shall as soon as...
Basic introduction to super senior, senior, mezzanine and junior debtThe range of funding options open to companies has exploded, resulting in a vast...
Challenging an individual voluntary arrangement (IVA)Grounds to challenge an individual voluntary arrangementAn application can be made to challenge the approval of an individual voluntary arrangement (IVA) on one or both of two grounds:•that the creditors’ decision approving the IVA unfairly
A debtor has not included or mentioned a creditor client’s debt in their individual voluntary arrangement (IVA) (which has been approved without notice to the client) or a property (which the debtor intends to use the sale proceeds of to repay the client). If the client reaches terms of settlement
What is the difference between an appeal and a review?What is an appeal?An appeal in insolvency proceedings is no different to an appeal in normal litigation. An appeal will be allowed only if the appeal court is satisfied that the decision of the lower court was 'wrong' or 'unjust because of a
Late payment penalties—inheritance taxWhile interest often accrues on overdue tax, the late payment of certain taxes may also attract a penalty. For information on the interest accruing on overdue tax, see Practice Notes: IHT—payment deadlines on death—Interest on IHT and Interest on late paid
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