An insolvency division has been added to the Supreme Court to deal with provisions of the Insolvency Act, Chief Justice Zaila McCalla announced last weekend.
She made the announcement at a training session where members of the judiciary were sensitised on the new provisions of the Act, according to a release from the Court Management Services.
The Insolvency Act makes provision for Jamaicans filing for bankruptcy to benefit from a more business friendly approach to adjudicating those matters.
The Act sets out changes to the application process, the role of the courts, personal and corporate insolvency, specific sections of the Companies Act as well as the role and functions of the Supervisor of Insolvency.
The Chief…
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