The Insolvency Rules 2016 came in to force on the 6^th April 2017. The new Rules seek to clarify and consolidate the previous Insolvency Rules 1986, which had been subject to a great number of amendments. The 2016 Rules have also removed the use of statutory forms for insolvency proceedings (the rules now clearly prescribe the necessary contents of documents) in attempt to make them “future proof”.

Applications and petitions filed before the 6^th April 2017 will continue to be governed by the 1986 Rules.