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The Insolvency (England and Wales) (Amendment) Rules 2017

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  1. Introductory Text

  2. PART 1 Introductory Rules

    1. 1.Citation and Commencement

    2. 2.Extent

  3. PART 2 Amendments to the Insolvency (England and Wales) Rules 2016

    1. 3.The Insolvency (England and Wales) Rules 2016 are amended as...

    2. 4.Definition of “attendance” and “attend”

    3. 5.Delivery to the creditors and opting out

    4. 6.Registrar of companies: covering notices

    5. 7.Requisition of physical meeting by creditors

    6. 8.Report of consideration of proposal under section 4(6) and (6A) or paragraph 30(3) and (4) of Schedule A1

    7. 9.Revocation or suspension of IVA

    8. 10.Supervisor’s accounts and reports

    9. 11.In rule 8.28(7), omit “(3)”.

    10. 12.Appointment taking place out of court business hours: content of notice

    11. 13.Notice of intention to appoint

    12. 14.Notice of appointment after notice of intention to appoint

    13. 15.Statement of affairs: notice requiring and delivery to the administrator (paragraph 47(1) of Schedule B1)

    14. 16.Administrator’s proposals: revisions

    15. 17.Receivers or managers appointed under an instrument: acceptance of appointment (section 33)

    16. 18.Removal of liquidator by the court

    17. 19.Application for and appointment of special manager (section 177)

    18. 20.In rule 6.37(3)(h), for “177(4)” substitute “177(3)”.

    19. 21.In rule 7.93(3)(g), for “177(4)” substitute “177(3)”.

    20. 22.Information to creditors and contributories (conversion of members’ voluntary winding up into creditors’ voluntary winding up)

    21. 23.Creditors’ decision on appointment other than at a meeting (conversion from members’ voluntary winding up)

    22. 24.Appointment by creditors or by the company

    23. 25.Definition of “approval” and “authorisation”

    24. 26.General Rule as to Priority

    25. 27.Report of the creditors’ consideration of a proposal

    26. 28.Debt Relief Orders, Excluded Debts

    27. 29.Income Payments Agreements, Interpretation

    28. 30.Annulment, the hearing

    29. 31.Bankruptcy, general rule as to priority

    30. 32.Criminal bankruptcy, application

    31. 33.Rules not applying in criminal bankruptcy

    32. 34.Appeals and reviews of court orders in corporate insolvency

    33. 35.The prescribed decision procedures

    34. 36.Physical meetings, calculation of the value of creditor’s debt

    35. 37.Notices to creditors of decision procedure

    36. 38.Chair at meetings

    37. 39.Requisite majorities

    38. 40.Blank proxy

    39. 41.Information about remuneration

    40. 42.Progress reports in voluntary winding up: timing

    41. 43.Creditors’ and members’ requests for further information in administration, winding up and bankruptcy

    42. 44.Remuneration: procedure for initial determination in an administration

    43. 45.Savings in respect of meetings taking place on or after the commencement date and resolutions by correspondence

    44. 46.In paragraph 5(2) of Schedule 2, omit subparagraph (j).

    45. 47.Savings in respect of final meetings taking place on or after the commencement date

    46. 48.Progress reports and statements to the registrar of companies

    47. 49.After paragraph 7(4) of Schedule 2 insert—

    48. 50.Service of notice of intention to appoint

    49. 51.Calculation of time periods

    50. 52.Information to be provided in the bankruptcy application

    51. 53.Information to be given to creditors

    52. 54.In paragraph 16 of Schedule 9, for “in relation of”...

    53. 55.In paragraphs 17, 18 and 22 of Schedule 9 for...

  4. Signature

  5. Explanatory Note

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