Insolvency Oracle

Developments in UK insolvency by Michelle Butler


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Government Issue Response to Bankruptcy Petition Reform Consultation

“The Government has decided to take forward changes just to the process for dealing with debtor bankruptcy applications and has today included the measure as a proposed new clause in the Enterprise and Regulatory Reform Bill. Instead of applying to the court for a bankruptcy order, individuals will instead make a bankruptcy application to an Adjudicator, which would be a new office based  within the Insolvency Service.” (Jo Swinson MP, 9 October 2012)

The full response is available at: http://www.bis.gov.uk/insolvency/Consultations/petition%20reform.