"New" new rules - new Insolvency Rules for 2012

On the Insolvency Service's website there is a consultation draft of the Insolvency Rules 2012, the final phase of their modernisation project. They are asking for comments on the drafts by January 2011. This may seem a long way off but the draft on the website is not yet complete (and will be added to in time) and is already 35 pages long.
  • There is now a consultation out looking at scrapping the re-write.  The excuse given is that major stakeholders are complaining about the cost, although I am ever so slightly suspicious that the departure of Stephen Leinster and the financial pressure being exerted on the Insolvency Service may have as much to do with it.  Personally, I'd like to see the job finished off, but I understand that the feeling at the recent IS Forum was that the decision to scrap the re-write is a done deal.  Looking on the bright side, at least this will give us a chance to complete our document updates for the April 2010 changes!