The Insolvency Rules 1986

The Insolvency Rules 1986 are a set of legal procedures in the UK that govern how insolvency cases—such as companies or individuals unable to pay their debts—are handled. They outline the steps for applying for insolvency, managing assets, distributing funds to creditors, and resolving disputes. The rules ensure the process is fair, transparent, and orderly, providing a framework for offices like liquidators and administrators to follow during insolvency proceedings, thereby protecting the interests of creditors and maintaining the integrity of the financial system.