LAWBITES
Verbiage wind-up More insolvency work for the county court. Where proceedings are allocated to the London Insolvency District (under SI 2016/1024 as amended, r 10.11(1)), the creditor is now to present their petition to the High Court only where the debt is for at least £500,000 in lieu of £50,000: otherwise, the county court at Central London wins. Insolvency amendment rules SI 2026/561, in force on 22 June 2026, raise the limit. They also play around with the principal rules ‘providing certainty for users and stakeholders’. ‘Registrar’ is formally dumped. They’re judges, for heaven’s sake. Just one copy of a document is to be delivered where sent electronically.
Special account: keep out Investment in the Court Fund’s Office’s special account is to be limited to funds for children and persons who lack capacity. That is now made clear by amendment rules SI 2026/593 which come into force on 29 June 2026. The special account generates a higher rate of interest than the basic account
