IPU is also responsible for maintaining accurate details of all insolvency practitioners on Central Index and the Individual Insolvency Register (E.IIR) and deals with practitioners’ sanction applications in the absence of a creditors committees and objections to release. IPU carries out a number of Secretary of State functions that include dealing with Secretary of State applications from Official Receivers, the registration of Individual Voluntary Arrangements and the licensing and regulation of Insolvency Practitioners (The Secretary of State currently licenses some 100 of the 1700 insolvency practitioners nationwide). The Insolvency Practitioner Unit (IPU) in Birmingham is part of IP Policy in London. The bankrupt’s attention should also be drawn to the possibility of a voluntary arrangement (see Chapter 57 - Alternative Individual Procedures, Part 1), a Fast Track Voluntary Arrangement (see Chapter 20 - Official Receiver's role in voluntary arrangements) or annulment application (see Chapter 6A - Annulments).ġ7.49 Role of Insolvency Practitioner Unit In cases where the insolvent’s interests might be adversely affected by the early appointment of an insolvency practitioner (for example, in cases where there is a surplus) it is important that the insolvent is fully informed of the consequences of any appointment. In discussing a possible Secretary of State appointment with an insolvency practitioner, the official receiver should not suggest that the appointment is a foregone conclusion as the Secretary of State may decline to make the appointment. If there is a possibility of contention, dispute or conflict, then there is a strong presumption that a meeting of creditors should be held. The Secretary of State’s power to make an appointment must only be used in the circumstances set out in this chapter and should not be exercised simply for the convenience of the official receiver. (See paragraph 17.67 for the position of Crown creditors.) A file note should be retained on the case file detailing the creditors consulted, the amounts of their claims and their views. Of paramount importance in any appointment by the Secretary of State, is that, unless this chapter indicates otherwise, the creditors’ views must have been sought and adhered to. The Secretary of State may appoint an insolvency practitioner as liquidator or trustee as an alternative to holding a meeting of creditors in certain circumstances. There are many transactions that don’t require going to a branch office, so check the Secretary of State’s website to see if you can complete your transactions online, via mail, or at a self-service station.In the majority of cases where an insolvency practitioner appointment is desirable, a meeting of creditors should be held to enable the creditors to make the appointment (see Part 3). You can also book an appointment and repeat the process throughout the day to get a later time slot–just cancel the earlier appointment once you book a new one.Īlthough this system may be time-consuming for a user who needs a specific appointment time, it is the only way to prevent the consequences of driving without a license plate or getting a new driver their first license. The trick is, if there are no appointments available, keep refreshing the page every 10 minutes, or at the top of every hour, until you secure one. For example, if you log on to the Secretary of State’s website on a Monday at 10:00 AM, you will be able to make an appointment for the next day, Tuesday, at 10:00 AM. They are also scheduled on the hour and in 10 minute increments throughout the hour. Same-Day appointments become available 24 hours in advance. However, waiting three months to register a new vehicle may not be acceptable to your car insurance company, so here is a little trick for securing a “Same-Day” appointment on the Secretary of State’s website: Although it is possible to book an advance appointment for Secretary of State services on the State’s website, the earliest dates that are currently available are in the middle of November. Navigating the Michigan Secretary of State online appointment system has been frustrating for many people since the offices closed for walk-ins.
0 Comments
Leave a Reply. |
Details
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |