{"id":61701,"date":"2015-09-18T09:50:43","date_gmt":"2015-09-18T09:50:43","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=dda502a110ebbd8bf7c1311893d15063"},"modified":"2015-09-18T09:50:43","modified_gmt":"2015-09-18T09:50:43","slug":"news-story-modernising-and-strengthening-insolvency-processes","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=61701","title":{"rendered":"News story: Modernising and strengthening insolvency processes"},"content":{"rendered":"<div class=\"govspeak\">\n<p>In summary the changes:<\/p>\n<ul>\n<li>reform the way insolvency practitioners gain authorisation to practice<\/li>\n<li>simplify when to report to creditors about appointing and releasing administrators<\/li>\n<li>strengthen the regulation of insolvency practitioners and our role as oversight regulator in the sector<\/li>\n<li>introduce a requirement to get an up front estimate of fees agreed by creditors when an insolvency practitioner wishes to operate on a time and rate basis. Any subsequent variation to this estimate must also be agreed by creditors.<\/li>\n<\/ul>\n<p>The changes are being introduced following the passage of the Deregulation Act 2015 and the Small Business, Enterprise and Employment Act 2015 which received Royal Assent in March.<\/p>\n<p>We have sent a special edition of Dear IP, our quarterly technical newsletter, to insolvency practitioners setting out these changes in more detail. If you have not received this newsletter or would like a copy please contact: <a href=\"mailto:Dear.IP@insolvency.gsi.gov.uk\">Dear.IP@insolvency.gsi.gov.uk<\/a>.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>To improve public confidence in the insolvency profession and to modernise the insolvency process a package of changes come into force on 1 October 2015.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/61701"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=61701"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/61701\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=61701"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=61701"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=61701"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}