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The Insolvency Rules 2016 are expected to be laid before
Parliament in October 2016, and are expected to come into force in
April 2017. The principal aims of the IR 2016 include:
- Consolidating existing rules and their amendments into a single
set of rules
- Modernising and simplify the language and making it gender
neutral
- Incorporating various changes in the law which [unclear]
intended to reduce the burden of red tape and
- New provisions to simplify insolvency procedures and reduce the
costs incurred in insolvency assignments
https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/448152/Explanatory_note_to_Insolvency_Rules_2016.pdf
New Insolvency Rules
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