Rule changes affecting the way insolvency cases are handled will create a period of uncertainty for practitioners but they should bring benefits to the profession and creditors in the longer term. The new Insolvency (England & Wales) Rules 2016, which came into force on 6 April 2017, include new procedures for creditors meetings and voting to pass resolutions. For insolvency practitioners, this has caused some concern, particularly as inconsistencies in the new legislation are bound to emerge, which may need to be tested in the courts.
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