The Compendium

how they are worded and get a 'feel' for the way sections are constructed. You would be well advised to go to the very first pages of the Insolvency Rules 2016 and look at the 'preamble' or contents pages.

You will see that they clearly set out what is in each of the main parts of the Rules. For example, you can see that Compulsory Winding-Up is in Rule 7 and Remuneration and Reports are in Rule 18.

If you follow down the headings and sub-headings of these Rules within the preamble you will get a fine idea of how the Rules are constructed and laid out.

The three main sources of statute for the insolvency profession are:

1. Butterworths Insolvency Law Handbook (the Insolvency Act 1986 is the first statute you happen upon when opening the book).
2. Sealy and Milman.
3. Searching online by putting a section number into your search engine (such as 'section 214 Insolvency Act 1986'). The first entry that comes up following your search will usually be the Government publication of the legislation and you can scroll down on your screen to see the wording and detail of the section, rule or regulation.

[See 'Insolvency Act 1986', 'Butterworths' and 'Sealy and Milman'.]

Insolvency Service

The Insolvency Service is a Government agency that helps to deliver economic con.dence by supporting those in .nancial distress, tackling .nancial wrongdoing and maximising returns to creditors.

On a day-to-day level, the Insolvency Service, through its Insolvency Practitioner policy section, is responsible for overseeing the insolvency regime on the Secretary of State's behalf.

(Insolvency policy and legislation in Northern Ireland is the responsibility of the Northern Ireland Assembly, although it is similar in virtually all respects to that in Great Britain.)