Updates - Technical guidance for Official Receivers - Guidance

2024

27 June 2024 published amendments

Guidance has been updated in line with the DRO threshold increase from £30,000 to £50,000. The single vehicle value has also been increased from £2,000 to £4,000.

12 June 2024 published amendments

48. Insolvency accounting/financial transactions

Updating manual to reflect the removal of the £90 fee for a DRO which came into effect on 06 April 2024.

9 April 2024 published amendments

60. Debt relief orders

Content has been updated to reflect the end of the £90 fee DRO application fee on 06 April 2024.

2023

29 November 2023 published amendments

37. Rights of action

Amendment to paragraph 37.54 to clarify that claims to the Financial Services Compensation Authority will vest in the trustee in bankruptcy notwithstanding the product underlying the complaint was a pension. The FAQs have been removed.

45. Appointment of liquidators and trustees

Content has been amended to clarify position on disclosure of information to insolvency practitioners.

1 February 2023 published amendments

26. Money owed to the insolvent

Removal of FAQ section and out of date details of operational practice in relation to book debt collection by contractors.

27. Motor Vehicles

Removal of out of date process information and adding references to disclaiming finance agreements in respect of vehicles as appropriate.

2022

4 November 2022 published amendments

28. Freehold and leasehold property

Inclusion of shared ownership guidance which had previously been omitted, amendments to reflect current operational practice and formatting changes.

45. Appointment of liquidators as trustees

Update to the official receiver's rotas part after revision of the process. Minor formatting amendments

31 January 2022 published amendments

22. Obtaining, releasing and formal disclosure of information

Inclusion of summary.

37. Rights of action

Amendment to paragraph 37.54 to clarify position on claims to FSCS in respect of pension advice from a regulated financial advisor. Minor formatting changes and removal of references to annexes no longer included with the chapter.

48. Insolvency accounting/financial transactions

Amendments to paragraph 48.31 regarding costs in annulment and rescission cases. Minor amendments to formatting.

57 Pensions

Removal of references to dealing with EU administered pensions. Following BREXIT all pensions administered outside the UK are treated in the same way.

2021

29 June 2021 published amendments

1. The Official Receiver

Additional text added on seeking permission or sanction and the consequences of failing to do so. Out of date text in form of FAQs removed. Minor fixes of text errors.

2. Winding-up orders - initial actions

References to EC Regulation on Insolvency Proceedings 2000 and provision of information to creditors in other EU states removed. Paragraphs re-numbered.

14. Insurance to protect estate

Chapter has been updated to remove references specific to a single contractor and minor fixes.

60. Debt relief orders

Updated to reflect amendments to eligibility criteria.