Guidance

Insolvency Act 1986 part A1: moratorium - guidance for monitors

This guidance is intended to assist insolvency practitioners by setting out the principal duties and actions required of the monitor.

• From: The Insolvency Service
• Published: 26 June 2020

Documents

Guidance for monitors

ODT, 232 KB

This file is in an OpenDocument format

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email publications@insolvency.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Guidance for monitors

HTML

Diagram of the moratorium process

ODT, 35.8 KB

This file is in an OpenDocument format

This file may not be suitable for users of assistive technology.

Request an accessible format.

If you use assistive technology (such as a screen reader) and need a version of this document in a more accessible format, please email publications@insolvency.gov.uk. Please tell us what format you need. It will help us if you say what assistive technology you use.

Details

The Corporate Insolvency and Governance Bill introduces a new moratorium which will give a company in financial distress, a 20 business day breathing space from creditor enforcement action which can be extended. The moratorium is intended to be a “light touch procedure” which is overseen by a monitor who must be a licensed insolvency practitioner. The monitor has a number of statutory roles, the most important of which is their requirement to bring the moratorium to an end if rescue of the company is no longer likely or the company is not paying those debts that it needs to pay within the process.

This guidance is intended to assist insolvency practitioners by setting out the principal duties and actions required of the monitor.

Published 26 June 2020