Managing Insolvent Deceased Estates - Compliance, Risks & Practical Guidance

Introduction

Insolvent deceased estates require careful assessment and strict compliance with the statutory framework, the Administration of Insolvent Estates and Deceased Persons Order 1986, together with the Insolvency Act 1986.

This new virtual classroom seminar will explore insolvent deceased estates and the risks they carry for personal representatives, creditors, and legal practitioners.

The session will highlight the consequences of non-compliance and how this can be avoided, as well as provide practical guidance for advising creditors and personal representatives in this regard.

What You Will Learn

This live and interactive course will cover the following:

• Importance of early identification of an insolvent estate - potential consequences for practitioners
• Red flags - how to identify an insolvent estate
• Severe consequences of distributing from an insolvent estate
• Petitions for insolvency administration orders
• Advising personal representatives in respect of insolvent estates
• Advising creditors of an insolvent estate
• Insolvency administration orders - positives and pitfalls
• Void dispositions - valid defences and consequences
• Bankruptcy petitions and bankruptcy orders prior to death

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.