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General guidance on insolvency and the assessment period
These notes will help you meet your statutory obligations and our expectations conducting insolvencies during the assessment period.
Our restructuring and insolvency guidance notes
Guidance Note 1 – Our legal standing and approach to the governance of insolvency proceedings
Information on our standing as a creditor and our approach to creditors meetings and committees.
Guidance Note 2 – Insolvency practitioner remuneration
Guidance that IPs should consider before submitting proposals or other fee requests.
Details on the maximum fee rates that we will pay on insolvency cases.
Guidance Note 3– Pre-packaged administrations
An explanation of our approach where a pre-packaged administration is proposed or has occurred.
Guidance Note 4 – Potential legal actions contemplated by insolvency practitioners
This guidance note explains our approach to potential legal actions that IPs might contemplate. It also sets out how we’ll view a defence to legal action.
Guidance Note 5 – Company voluntary arrangements
This guidance sets out what we will consider when assessing company voluntary arrangements
Guidance Note 6 – How PPF drift arises and should be addressed
What is PPF drift and why it is financially important to us.
Guidance Note 7 – Appointment of independent trustees
Why we have a panel of scheme trustees specifically to help with the assessment period and how IPs can help with their appointment
Guidance Note 8 – Situations involving new or successor schemes
In rare cases a new or successor scheme may be created through an insolvency or restructuring procedure. Here are some of the important matters to consider.
Guidance Note 9 – Corporate insolvency and the Governance Act 2020
Interim guidance on our approach to the legislation and what we expect from monitors and parties proposing a restructuring plan.