Stephen Wade in our Dispute Resolution team writes: Readers may be familiar with the previous Technical Manual published by the Insolvency Service which was useful but often difficult to navigate. Hopefully the new version will prove much more accessible.
As part of efforts to increase support and share knowledge with the insolvency profession, the Insolvency Service has published brand new guidance for Official Receivers when acting as Liquidator or Trustee.
Following feedback from stakeholders requesting accessible guidance on technical matters, the Insolvency Service has published its new Technical Guidance for Official Receivers available here.
The new guidance includes relevant legislation and processes for Official Receivers when acting as Liquidator or Trustee.
The Technical Guidance for Official Receivers uses an expandable menu format, where chapters are initially collapsed. This affords users to navigate the guidance quickly and then expand the desired chapter with a single click to view or print the complete chapter.
Justin Dionne, Chief Technical Officer for the Insolvency Service, said: “We know that many of our stakeholders have requested comprehensive insolvency guidance. The new Technical Guidance for Official Receivers should serve as a useful resource to share knowledge amongst the insolvency profession, while complementing other guidance we share through our regular technical bulletins.
The above is accurate as at 30 March 2021. The information above may be subject to change during these ever-changing times.
The content of this note should not be considered legal advice and each matter should be considered on a case-by-case basis.