What is the role of the Official Assignee in bankruptcy?
What is the role of the Official Assignee in bankruptcy?
The Official Assignee investigates the conduct and affairs of the bankrupt and also recovers and realises his assets for distribution to the bankrupt’s creditors. The Official Assignee also assists the bankrupt in obtaining a discharge from bankruptcy.
Who is the Official Assignee in bankruptcy in Ireland?
The distribution is done through a court official, the Official Assignee in Bankruptcy, who is based in the Insolvency Service of Ireland (ISI) and manages its Bankruptcy Division. The Bankruptcy (Amendment) Act 2015, made several changes to the rules on bankruptcy.
Where can I find a notice of adjudication in bankruptcy?
Place a notice of your adjudication as a bankrupt in Iris Oifigiúil (the State gazette) Place a notice of your adjudication as a bankrupt either on the ISI’s website or in a national daily newspaper Before 2016 a statutory High Court sitting was also required, but this requirement was removed by the Bankruptcy (Amendment) Act 2015.
Who is the Official Assignee in the court?
The Official Assignee is a public servant and an officer of the Court. The Official Assignee is assisted in her duties by the officers at the Insolvency Office.
Who is the Official Assignee in a bankruptcy?
The Official Assignee in Bankruptcy is the officer of the Court to whom the ownership of the property of the bankrupt person is transferred on the day the person is made bankrupt. He is an independent statutory officer who administers the estate of the bankrupt person and is answerable to the High Court.
Place a notice of your adjudication as a bankrupt in Iris Oifigiúil (the State gazette) Place a notice of your adjudication as a bankrupt either on the ISI’s website or in a national daily newspaper Before 2016 a statutory High Court sitting was also required, but this requirement was removed by the Bankruptcy (Amendment) Act 2015.
What happens when a bankruptcy is annuled by the court?
An annulment is where a bankruptcy is cancelled by the Official Assignee or by the Court. If a decision of the Official Assignee has negatively affected a bankrupt or creditor or any other person they can apply to the Court to reverse the decision.
What is the difference between adjudication and administration?
Adjudication is where the Official Assignee or Court makes someone bankrupt. Administration is the work done by the Official Assignee on a bankruptcy, liquidation, No Asset Procedure or Summary Instalment Order.