Technical updates - Insolvency Support Services

ISS Technical Helpline

Expert Scottish insolvency technical support, whenever you need it Insolvency Support Services is pleased to offer our ISS Technical Helpline as a standalone service to insolvency practices, accountancy firms, banks, regulators, and local and national government across the UK. For many years, the helpline has been a valued benefit for our existing clients. Now, organisations […]

Administration versus liquidation: notice of adjudication in Scottish appointments and use of websites to do so

Query The Scottish liquidation and administration Rules (R7.19 ISRWUR 2018 and R3.108 ISCVAAR 2018) both state that the office holder must send every known creditor a list of claims that have been accepted or rejected: (2) On accepting or rejecting, under paragraph (1), every claim submitted or deemed to have been re-submitted, the liquidator/administrator must, […]

Relevant date for preferential claims in a Scottish court liquidation

Insolvency Support Services had a recent enquiry on the relevant date for claims in a Scottish court winding up which commenced with the appointment of a provisional liquidator. Which date should go on the HMRC Form VAT769 for the purposes of quantifying the preferential claim for VAT? Section 387(3)(b) IA86 brings forward the date for […]

Accounting periods in Scottish Administration

There’s some debate surrounding R3.95 ISCVAAR2018 just now, regarding the application and meaning of R3.95(2) in terms of administration accounting periods. Must an administrator submit a request for remuneration in relation to every accounting period, or is there flexibility in terms of submission (as there is in the Liquidation Rules)? The relevant statute is reproduced […]

Translating statutory AML requirements into meaningful, effective application

Insolvency Support Services Director Eileen Maclean is looking forward to delivering the first IPA Learning online module of 2022 next month. The “How do you translate the statutory AML requirements into meaningful, effective application?” session will take place on 22 February 2022 from 12:30 until 14:00. We will cover how: The legal requirements of the […]

Debt solutions and the impact on executries

Debt, and the Scottish statutory solutions that exist to deal with individual overindebtedness, has the perpetual attention of the Scottish Government and the wider Scottish Parliament. In 2018 the Scottish Parliament’s Economy, Energy & Fair Work Committee refused to approve legislation replacing the common financial statement with the standard financial statement as the statutory common […]

Insolvency Support Services directors to speak on New Ethics Code at IPA 2020 Virtual Roadshows

Insolvency Support Services Directors Eileen Maclean and Alison Curry are speaking about the New Ethics Code at the IPA’s 2020 Virtual Roadshows. For more information and to book your place, click here.

Insolvency profession’s views on the moratorium and restructuring provisions in the Corporate Insolvency and Governance Act 2020

Introduction Following the introduction of the Corporate Insolvency and Governance Act 2020 (CIGA) on 26 June 2020, Insolvency Support Services undertook research on the insolvency profession’s views of the moratorium and restructuring provisions in the new legislation. This paper provides a summary of the results of our research. To download a copy, click here. A […]

Monitor’s fees under the Corporate Insolvency and Governance Act

Alison Curry examines the detail around monitor’s fees in the new moratorium provisions. The new moratorium process outlined in the Corporate Insolvency and Governance Act has now come into effect, bringing a very welcome 40 or more days’ breathing space for companies while they and their professional advisers consider their restructuring options. Thanks to campaigning […]

Insolvency in the time of coronavirus

Eileen Maclean outlines the challenges of COVID-19 for insolvency practitioners. We are used to dealing with emergencies with no notice – we are IPs after all – but the speed of response demanded from the business community by the outbreak of coronavirus was unprecedented. Vast numbers of us now work from home and are finding […]

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ISS Technical Helpline

ISS Technical Helpline

Administration versus liquidation: notice of adjudication in Scottish appointments and use of websites to do so

Relevant date for preferential claims in a Scottish court liquidation

Accounting periods in Scottish Administration

Translating statutory AML requirements into meaningful, effective application

Debt solutions and the impact on executries

Insolvency Support Services directors to speak on New Ethics Code at IPA 2020 Virtual Roadshows

Insolvency profession’s views on the moratorium and restructuring provisions in the Corporate Insolvency and Governance Act 2020

Monitor’s fees under the Corporate Insolvency and Governance Act

Insolvency in the time of coronavirus

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