Insolvency

(asked on 30th October 2026) - View Source

Question to the Department for Business, Innovation, Science and Trade:

To ask the Secretary of State for Business, Innovation, Science and Trade, further to the Answer of 26 October 2026 to Question 36380, what duties remain on an insolvency practitioner after assigning a claim to notify the assignee of new information materially affecting its merits; and which body monitors compliance with those duties.


Answered by
Blair McDougall Portrait
Blair McDougall
Parliamentary Under-Secretary of State (Department for Business, Innovation, Science and Trade) (Jointly with the Department for Energy Security and Net Zero)
This question was answered on 4th November 2026

There is no general requirement for an office-holder to notify a proposed defendant before assigning a claim.

Regulation 13 of the Insolvency Practitioners Regulations 2005 sets out that insolvency practitioners must maintain records sufficient to explain material decisions taken during the administration of a case. These records must be retained for six years after the office-holder’s release.

Following assignment, there is no general statutory duty to provide new information. Any obligations will depend on the terms of the assignment or directions of the Court. Recognised Professional Bodies monitor insolvency practitioners’ compliance with professional obligations.

Reticulating Splines