InsolvencyENG
Practical guidance and tools for practitioners advising businesses and individual in debt.
2 Matter Plans
Overview
The Individual Insolvency guide provides commentary to take a practitioner through the practical steps involved in advising on individual debt alternatives, including debt respite schemes, individual voluntary arrangements and bankruptcy.
The Corporate Insolvency guide provides commentary guiding a practitioner through the practical steps involved in advising a client when a company is facing insolvency, whether from the perspective of the company itself or those dealing with the company.
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- Full Commentary - Individual Insolvency“null”
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Reference materials- Overview“The structure of insolvency laws in England and Wales stems from the Cork Review Report on Insolvency Law and Practice, which was published in 1982. It made several recommendations on how individuals and corporate entities should be treated when they are unable to pay their debts. A significant ...”
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- Summary of the process“The usual steps in acting for a client in an insolvency matter are:”
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- A. Getting the matter underway
- B. Gathering information
- C. Pre-insolvency matters
- D. Debt respite schemes
- E. Debt management plans
- F. Administration orders
- G. Debt relief orders
- H. Individual voluntary arrangements
- I. Bankruptcy
- J. Finalising the matter
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