What the Insolvency Service’s new proposals have been learning from Scotland The Insolvency Service has announced plans to introduce a statutory moratorium for individual debtors – a breathing space – and a statutory debt repayment plan (SDRP) in England & Wales. Both provisions draw heavily from their Scottish cousins – the moratorium provisions of the […]
About Insolvency Support Services Limited
Professional services firm providing a variety of specialist services including technical support, resource and training to anyone active in the UK Insolvency market together with administration of insolvency appointments in the UK.
Entries by Insolvency Support Services Limited
There have been differing interpretations within the profession of the savings provisions contained in The Public Services Reform (Insolvency)(Scotland) Order 2016 and how they apply in conjunction with the new Scottish Rules. The original order may be found here, in which s105 is repealed as of 6th April 2019, subject to Article 15(3) which appeared […]
An aim of the new Rules is to modernise the language of the statute. One of the terms that we wave goodbye to is affidavit, and in its place comes statutory declaration. The language might not be ancient Latin, but it’s still an old and well-established piece of statute that sits behind it, stemming as it […]
The new Rules will come into force on Saturday 6 April 2019. We will be keeping you posted where we can on interpretations and issues in the period of their introduction. First up, we’ve walked through the nomination process to have a look at the timescales involved where an interim liquidator, appointed on 8 April 2019, […]
The new Scottish corporate insolvency rules will come into force on 6 April 2019. At the same time, the final suite of changes to Scottish specific elements of the Insolvency Act 1986 will be enforced with the commencement of the Public Services Reform (Insolvency) (Scotland) Order 2016. Two sets of Rules Due to a partially […]
Insolvency Support Services is proud to be celebrating International Women’s Day (8 March 2019). Today – and every other day of the year – we recognise the vast and vital contribution that our many talented female colleagues and clients make not just to our own business, but also to the insolvency industry throughout the UK.
Eileen Maclean has been hot on the heels of the new Insolvency (Scotland) Rules and suggests there could be risks for liquidators and members in MVLs. Scotland’s new corporate insolvency Rules, the Insolvency (Scotland) (Company Voluntary Arrangement and Administration) Rules 2018 and the Insolvency (Scotland) (Receivership and Winding up) Rules 2018 (the new Scottish Rules) […]
Have you updated your checklists and document packs in time for the introduction of the new Scottish Insolvency Rules on 6 April 2019? Our new-Rules-compliant standard documents are available to order now, for delivery early/mid March, ready for the new legislation commencement date. As we have been highlighting on our New Rules courses, there are […]
Insolvency Support Services’ Eileen Maclean and Alison Curry are looking forward to speaking at R3’s series of SPG Technical Reviews, specifically designed for insolvency and restructuring professionals in small and medium-sized practices, in the next few months. Their practical, focused sessions will cover the new Scottish Insolvency Rules, highlighting key changes and differences to the […]
Thanks to everyone who attended the first of our New Rules training courses in Glasgow on 16 January. Great to see so many of you, and thanks for such positive feedback on the course. Out of an overall score of 5, this course scored 4.69! Testimonies include: “ very informative training session / well presented” […]