Technical Update April 2014

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