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High Court: Personal Insolvency Practitioner not sole voice to be heard in court review of PIA – Irish Legal News

In a test case which impacts some 400 pending cases, the High Court has ruled that debtors have a right to directly engage in the review by the Court of a proposed Personal Insolvency Arrangement (PIA). Finding that the Personal Insolvency Acts 2012 to 2015 did not envisage that the Personal Insolvency Practitioner (PIP) was the sole voice to be heard, Ms Justice Bakeralso rejected submissions that costs orders could be made against PIPs personally, save in truly exceptional circumstances or where the PIP acted in bad faith.

Section 115A

Section 115A(1) of the Personal Insolvency Acts 2012 to 2015 provides jurisdiction to the relevant court following a review under s. 115A(9) to confirm the coming into operation of a propose…

Read the full article at: https://www.irishlegal.com/10845/high-court-personal-insolvency-practitioner-not-sole-voice-heard-court-review-pia/

Category: BankruptcyBy Insolvency Advisory AccountantsFebruary 6, 2018

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High Court: Personal Insolvency Practitioner not sole voice to be heard in court review of PIA – Irish Legal News

In a test case which impacts some 400 pending cases, the High Court has ruled that debtors have a right to directly engage in the review by the Court of a proposed Personal Insolvency Arrangement (PIA). Finding that the Personal Insolvency Acts 2012 to 2015 did not envisage that the Personal Insolvency Practitioner (PIP) was the sole voice to be heard, Ms Justice Bakeralso rejected submissions that costs orders could be made against PIPs personally, save in truly exceptional circumstances or where the PIP acted in bad faith.

Section 115A

Section 115A(1) of the Personal Insolvency Acts 2012 to 2015 provides jurisdiction to the relevant court following a review under s. 115A(9) to confirm the coming into operation of a propose…

Read the full article at: http://www.irishlegal.com/10845/high-court-personal-insolvency-practitioner-not-sole-voice-heard-court-review-pia/

Category: BankruptcyBy Insolvency Advisory AccountantsFebruary 6, 2018

Post navigation

PreviousPrevious post:40 corporate insolvency resolutions completed: Government – Economic TimesNextNext post:Coupa Software Partners with Tuition.io to Help Employees Conquer Student Debt – Nasdaq

Related Posts

Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
Law reform to lift stigma from bankruptcy, deliver fairer system – The Mandarin
July 17, 2024
How the new $20,000 personal bankruptcy threshold could affect SME directors – SmartCompany
July 17, 2024
Australia AGD Moves to Reform Bankruptcy Law – Regulation Asia
July 17, 2024
Case note | Director's personal liability for insolvent trading – Lander & Rogers
July 17, 2024
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