Draft Insolvency Rules sent to the Insolvency Rules Committee for statutory consultation

Following consultation on the draft rules we have continued to work very closely with stakeholders to ensure that the rules are effective in their implementation of the policy. We are very grateful to those that have continued to work with us on this project. We are now at the next stage of this project and will be liaising with the IRC, whose role is to review the changes to rules before reporting to the Lord Chancellor (who is responsible for making these rules). Subject to this work, it is anticipated that the Rules will be made in Spring 2016, with a commencement date of 1 October 2016.