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Insolvency Guides

R3’s Creditor Insolvency Guide is designed to help creditors navigate their way through an insolvency process

A guide explaining the formation of liquidation and creditors’ committees and what is expected of those who sit on such committees is available on this link

Other Guides

Guidance Notes about Insolvency Practitioners’ Fees

The creditors’ guides are produced by R3 and provide information about the bases on which insolvency practitioners’ remuneration is fixed, in a format suitable for making creditors aware of the relevant legislative provisions. They also explain creditors’ rights to seek further information about and challenge the level of remuneration, disbursements and other expenses.

We have produced “A shareholders’ guide to liquidators’ fees” to inform shareholders of their rights under insolvency legislation in relation to members’ voluntary liquidations.

Statement of Insolvency Practice 9 – payments to insolvency office holders and their associates (effective date 1 April 2021) and Statement of Insolvency Practice 7 – presentation of financial information in insolvency proceedings (effective date 1 April 2021) require office holders to inform creditors and other interested parties of their rights under insolvency legislation. These guides may be used to provide that information.

England and Wales – effective from 1 April 2021

Previous versions

England and Wales – effective from 6 April 2017

England and Wales – effective from 1 October 2015

England and Wales – effective from 1 November 2011

England and Wales – effective until 31 October 2011

England and Wales – effective until 5 April 2010

Please click on the relevant link above for the guide you wish to access.

Restructuring Specialists

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Why work with us?

We provide practical, business focused advice to help you achieve your business objectives. Our team of experts are available at any one of our four office locations and have an extensive knowledge and experience across a wide range of sectors.

  • Timely and Efficient
    Timely and Efficient

    Critical support to restore financial stability

  • Cross Team Expertise
    Cross Team Expertise

    Joined-up advice across all services, including, Corporate Finance and Corporate and Business Tax

  • Sector Knowledge
    Sector Knowledge

    Considerable expertise and insight into a range of different industries

  • Industry Recognition
    Industry Recognition

    Recognised as thought leaders in Restructuring and Insolvency - editorial, speaking, commentating and government advice