https://legal.excellentwiki.com/uk/insolvency-law/ Recent content in insolvency and bankruptcy law on ExcellentWiki - Legal Encyclopedia Hugo en-US Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/uk/insolvency-law/uk-insolvency-law/ Mon, 06 Jul 2026 00:00:00 +0000 https://legal.excellentwiki.com/uk/insolvency-law/uk-insolvency-law/ <h2 id="overview-of-uk-insolvency-law">Overview of UK Insolvency Law</h2> <p>UK insolvency law is principally codified in the <strong>Insolvency Act 1986</strong> (IA 1986) and the <strong>Insolvency (England and Wales) Rules 2016</strong>, supplemented by the <strong>Company Directors Disqualification Act 1986</strong> and the comparatively recent <strong>Corporate Insolvency and Governance Act 2020</strong> (CIGA 2020). The regime distinguishes between corporate and personal insolvency, each with distinct procedural frameworks, though both are administered by licensed <strong>insolvency practitioners</strong> (IPs) who serve as officers of the court and owe fiduciary duties to creditors.</p>