- Update/Intermediate *3 hours CPD
In 1994, the last recession, there were 30,000 formal individual insolvency procedures entered into in England and Wales. In 2004 bankruptcy was made easier and much shorter. The result has been that there are now over 100,000 individual insolvency procedures each year. This is clearly a direct result of the credit crunch. Moreover, as the recession bites, these horrifying numbers will themselves rise proportionately. Clearly this is an area with which all practitioners need to familiarise themselves, not only commercial lawyers but also property, matrimonial and employment practitioners.
- Individual voluntary arrangements as an alternative to bankruptcy
- Challenging arrangements
- Debtors’ petitions
- The statutory demand and creditors’ petitions
- The procedure following the order
- The Official Receiver’s role
- Property in bankruptcy
- The matrimonial home
- Pensions
- Challenging undervalues and preferences
- Discharge and annulment
- Bankruptcy restriction orders