Handling of deceased insolvent estates

Lee Green

The handling of a deceased’s estate is inevitably going to be a difficult time for the bereaved family, but the situation could be even more distressing if the deceased’s estate is insolvent.

Whilst it is not possible for a creditor to instigate typical bankruptcy proceedings against a deceased individual they are able to petition to court for an Insolvency Administration Order (IAO) under the Administration of Insolvent Estates of Deceased Persons Order 1986 (AIEDPO).

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SRA Accounts Rules to be relaxed?

Daniel Jefferson

Following on from Chris Vines’ blog dated 28 May 2015, which related to the predictions on the Solicitors Accounts Rules, the SRA Board have made a proposal to relax some of the requirements of the accountants report.

Accountants will soon be able to use their professional judgement to assess if the reports they prepare for solicitors’ practices comply with SRA Account Rules.

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