Who we are
The Insolvency Rules Committee (IRC) members are from the legal and accountancy professions. They provide their services on a voluntary and unremunerated basis. The secretariat is provided by the Insolvency Service.
The committee is appointed under section 413 of the Insolvency Act 1986 and must be consulted by the Lord Chancellor before he agrees or amends any rules under section 411 (company insolvency rules) or section 412 (individual insolvency rules) of the act.
The major part of the work of the committee for 2014 to 2015 will be to consider amendments to the rules arising out of a review of secondary insolvency legislation, to consolidate and modernise its provisions.