Insolvency Practice Direction 2016 now in force
The new Insolvency Practice Direction 2016 has finally been given approval by the Lord Chancellor and came into force yesterday (25 April) bringing with it changes to reflect the new Insolvency Rules 2016 and recent changes to the CPR. The new practice direction replaces that of 2014 with immediate effect. Key changes include:
- clarity on the various routes to appeal in insolvency matters;
- changes to how bankruptcy petitions can be served where personal service is not practicable;
- provisions regarding e-filing in light of the current e-filing pilot scheme; and
- new guidance on unfair prejudice petitions.