Podcast Location:
Download it here [file size: 23.2 MB]
Categories:
Insolvency & Restructuring
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast is aimed at solicitors and barristers interested the preparation of insolvency proceedings. It aims to explore some of the more important areas affecting such practitioners in the re-drafted practice direction, specifically looking at allocation of insolvency business in the courts, service of documents, extension of administration periods and procedural issues affecting both winding up and bankruptcy petitions.

Outcomes:
After completing the course you will:
  • Understand who the changes to the insolvency PD are likely to be most relevant for;
  • Understand how the new practice direction deals with the allocation of insolvency business between judges and registrars;
  • Understand the relevant considerations when deciding whether to seek that a matter be heard by a high court judge where there is an overlapping jurisdiction;
  • Know which matters don’t need to be heard by either a high court judge or a registrar;
  • Be aware of the role played by the CPR in the service of insolvency process;
  • Know which insolvency process are served in accordance with the Insolvency Rules;
  • Know when permission will and won’t be required to serve insolvency proceedings out of jurisdiction;
  • Understand the importance of the method of service on the;
  • Know the changes made to the timings to make an application to extend an administration period;
  • Understand the consequences of making a late application to extent an administration period;
  • Understand the procedural changes introduced with respect to winding up and bankruptcy petitions;
  • Understand how a winding up petition can be rescinded.
Level:
General Interest Difficulty: 2 of 5
Classification:
Legislative Updates
Practical Guide
Procedural
Sources and References:
  • Practice Direction – Insolvency Proceedings;
  • CPR Part 36;
  • Insolvency Rules 1986;
  • Re Metrocap [2010] 2 BCLC 603;
  • Re Dollar Land (Feltham) Ltd [1995] 2 BCLC 370.
Tags:

A new practice direction on insolvency proceedings came into force on 23 February 2012. It contains procedural requirements for various aspects of proceedings under the Insolvency Act 1986 and the Insolvency Rules 1986 and replaces all previous practice directions for insolvency proceedings. This podcast discusses the major developments that practitioners need to know about

Podcast added: 02/07/12

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