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Explanatory note

Original text. Later amendments are not shown.

(This note is not part of the Rules)

These Rules amend the Insolvency Rules (Northern Ireland) 1991 (S.R. 1991 No.364) (“the principal Rules”).

They make provision for—

  • an administrator to be able to recover expenses incurred before the formal start of the administration;

  • the option for an administrator to be paid a set amount; and

  • block transfer of cases in cases where an insolvency practitioner has died, retired or cannot continue in office.

Rule 30 makes amendments by way of the Schedules to these Rules updating the content of Forms in Schedule 2 to the principal Rules.