Changes to Insolvency Rules

The world of insolvency is changing from a legislative perspective with the introduction of a completely new legal framework with the Insolvency Rules 2016 being introduced from 6 April 2017.

The new rules represent the most significant change in the insolvency regime for 30 years. The most obvious change for businesses who find themselves as creditors in an insolvency is that there is no longer any requirement to hold physical creditors’ meetings.

If anybody requires any advice or further information in relation to the rule changes or any matters in relation to dealing with businesses in insolvency or financial distress please contact Mark Upton.

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