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New Practice Direction in Insolvency Proceedings takes effect from 25 April 2018

On 25 April 2018, the Lord Chancellor signed and approved the new Insolvency Proceedings Practice Direction which comes into force with immediate effect.  The 2018 Direction replaces all previous practice directions and practice statements in respect of insolvency matters and as such it is of importance to individuals, insolvency practitioners or lawyers currently involved in insolvency proceedings.

Some of the key changes provided for in the 2018 Direction include, new provisions on the service of bankruptcy petitions as well as references to the electronic working pilot scheme.

A copy of the new 2018 Direction can be accessed here.

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