The new rules restructure the 1986 version of the insolvency rules, introduce gender-neutral drafting and incorporate the 28 sets of amendments made since the rules came into force. They also take into account changes made to insolvency procedures by the 2015 Deregulation Act and Small Business, Enterprise and Employment Act, particularly around the use of electronic communication and doing away with physical meetings.
In an explanatory note, the government said that the updated rules would “better meet the needs of users, including the judiciary, insolvency office-holders, creditors and public officials”.
“The government’s move to simplify, rationalise and eliminate inconsistency in the rules of the insolvency process is to be …
Read the full article at: http://www.out-law.com/en/articles/2016/october/modernised-english-insolvency-rules-will-come-into-force-in-april/