The Law of Insolvency

The "law of insolvency" considers the development of the new code introduced by the "insolvency act" 1986, which consolidated individual and corporate insolvency law for the first time. Throughout this practical text, Professor Fletcher examines and refers to the insolvency rules, case law and statutory instruments, such as the insolvency (amendment) rules 1986, as the means by which the 1986 statute continues to be applied and interpreted. The book discusses in depth the substantive law and procedural rules of insolvency, including the alternatives to bankruptcy in both cases and the major reforms introduced by the 1986 act. These include: the formal organization of the activities of all insolvency practitioners as a regulated and accountable profession; the new civil liability of directors and the possibility of their disqualification for unfitness; changes to the provision relating to public examination, and the ability to examine directors publicly. Separate chapters cover both the background to the 1986 act and international insolvency.