Insolvency Exam Training

Technical update May 2014

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This month’s technical update contains the following:

CASE LAW
• POSITION ON RENT BEING APPEALED
• DISSOLVED UNREGISTERED COMPANY WOUND-UP
• WHEN IS A COMPANY INSOLVENT?
• VOIDABLE DISPOSITIONS STOPPED ADMINISTRATION

INSOLVENCY GUIDANCE PAPER
• DEALING WITH COMPLAINTS

LEGISLATIVE UPDATE
• INCREASE IN COURT FEES
• DISTRAINT AND THE NEW REGIME
• CHANGES TO CORPORATE AND PERSONAL INSOLVENCY SCOTLAND

GENERAL INFORMATION
• VAT DE-REGISTRATION NOT APPROPRIATE IN INSOLVENCY
• NEW GUIDE FOR LEGAL CHARGES
• PROGRESS REPORTS IN CVL
• PRA GUIDANCE FOR SCHEMES OF ARRANGEMENT

Technical Update 05 2014

Technical Update April 2014

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This technical update contains the following:-

CASE LAW
• FEES APPLICATION OVERTURNED
• CREDITOR USES PARA 74 TO SEEK ASSIGNMENT OF RIGHT OF ACTION
• DUTY OF CARE WHEN SELLING PROPERTY
• COSTS IN ADMINISTRATION

INSOLVENCY GUIDANCE PAPER
• BANKRUPTCY – FAMILY HOMES

LEGISLATIVE UPDATE
• ONLY ONE COUNTY COURT
• WEEK’S WAGE RAISED
• CHANGES TO INSOLVENCY DEPOSITS & SOS FEE
• NEW EU PROPOSED CHANGES TO ML RULES
• DISCLOSURE OF INFORMATION TO THE INSOLVENCY SERVICE

GENERAL INFORMATION
• PPF TO USE NEW PPF-SPECIFIC INSOLVENCY MODEL
• PRE-PACK SALES UNDER GOVERNMENT REVIEW AGAIN
• DEAR IP

Technical Update 04 2014

Technical Update November

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This technical update contains the following:-

• TR 5
CASE LAW
• Ascertaining insolvency
• Winding-up is not an alternative to a property adjustment
order
• Administration not always appropriate
• Director’s right to challenge administrators not stopped by
para 64 Sch B1
LEGISLATIVE UPDATE
• Consultation for non-bank resolution regimes
GENERAL INFORMATION
• Consumer Credit Licence
• Guidance on PPI for Sequestration and Trust Deeds
• Duties of the IP as Advisor
• Senior Accounting Officer Rules
• Senior Manager role
• Job Opportunities
• The artist formerly known as …

Technical update 11 2013