The Insolvency (Amendment) Rules 1987

Citation and commencement

1.  These Rules may be cited as the Insolvency (Amendment) Rules 1987 and shall come into force on 11th January 1988, and that day is referred to in these Rules as “the commencement date”.

Interpretation

2.—(1) In these Rules references to “the principal Rules” are to the Insolvency Rules 1986(1) and a Rule or Schedule or Form referred to by number means the Rule or Schedule or Form so numbered in the principal Rules.

(2) These Rules shall be read and construed as one with the principal Rules.

Application

3.—(1) Subject to paragraph (2), the principal Rules have effect in relation to insolvency proceedings to which the principal Rules apply by virtue of Rule 13.14 with the amendments set out in the Schedule to these Rules.

(2) The principal Rules as so amended apply to all such proceedings on and after the commencement date whenever those proceedings were commenced.

(3) Rule 4.223-CVL as so amended also applies to any winding up as is mentioned in paragraph 4(1) of Schedule 11 to the Insolvency Act 1986 on and after the commencement date.

Mackay of Clashfern, C.

Dated 6th November 1987

I concur,

Francis Maude

Parliamentary Under-Secretary of State,

Department of Trade and Industry

Dated 9th November 1987