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This guidance describes the general functions of Accountant in Bankruptcy, interim trustees, trustees and commissioners in relation to their responsibilities regarding bankruptcies which started on or after 30 November 2016.
This role is undertaken by the Insolvency Registrations Team (IRT) on behalf of the Accountant.
IRT must make an DCO on a Form 17 of The Regulations at the same time as awarding bankruptcy and will notify:
any third person who has been ordered to make the payments for the debtor i.e. an employer
When IRT has made a DCO the trustee is not required to re-assess the debtors income and expenditure using the CFT unless there are significant changes to the debtor’s circumstances, or a Current State of Affairs has been completed (see section 8.6).