Insolvency Applications: Remuneration and Bankruptcy Suspension

Managing insolvency applications efficiently can be critical to protecting recoveries and maintaining the progress of an administration or bankruptcy process. In this recorded webinar, Myerson’s Insolvency & Restructuring team examines two applications that regularly arise in practice but often involve technical and procedural complexities: remuneration approval and suspension of discharge from bankruptcy.

The session explores the practical realities of making these applications, from meeting creditor requirements and justifying remuneration to addressing non-compliance with statutory duties in bankruptcy. Through practical guidance and expert insight, the webinar provides a clearer understanding of how to approach these matters effectively and avoid common pitfalls.

What you will learn:

Remuneration Approval Applications

• Key terminology, legal principles and court guidance governing remuneration approval applications
• How to recover pre-appointment costs and the practical considerations involved
• Choosing the most appropriate basis for remuneration and the factors influencing that decision
• The information requirements when seeking creditor approval
• How to manage creditor challenges and respond to disputes effectively
• The process for increasing remuneration after the basis has been fixed

Suspension of Discharge from Bankruptcy

• A bankrupt’s statutory obligations under the Insolvency Act 1986
• The legal effect of discharge from bankruptcy and its practical implications
• The purpose and strategic use of suspension applications
• The grounds on which suspension may be sought
• The application process, including key risks and procedural pitfalls
• A bankrupt’s right to apply for the suspension to be lifted