1. Introduction

The Insolvency Rules 1986 have been revoked and the Insolvency (England and Wales) Rules 2016 (IR 2016) come into force today. There are 22 Parts and 11 Schedules. Each Part is intended to cover a specific process or area, for example:

Introduction

Amit has recently acted for an IP whose office is one of the largest appointment takers in the country. He appeared for the respondent at several hearings on an application to review a BTO.

Background

The out-going officeholder had his licence revoked by the IPA for misappropriation of monies, running to six figures, from numerous estates. This resulted in a BTO, which was granted by the Court on paper.