The Insolvency Law Handbook provides an accessible and comprehensive guide to the current insolvency law landscape. This third edition of the handbook has undergone significant revision and expansion, reflecting the changes to insolvency law and practice caused by an unprecedented global financial crisis, the busting of a liquidity bubble and the ending of nearly 20 years of economic growth. New sections are included on Debt Relief Orders and changes to Individual Voluntary Arrangements that have fundamentally altered the approach to personal insolvency. In light of the return of use of receivership as a regularly used method of enforcement this topic is given greater prominence, as are developments in cross border restructuring and insolvency and the use of the Company Voluntary Arrangement as a means of corporate reconstruction. New case law on liquidation and administration expenses and the process and procedure for an out of court administration appointment is fully explored. The book is thorough and practical, offering: coverage of both corporate and personal insolvency consideration of the options available and key decisions that need to be made from the differing perspective of both debtor and creditor when facing any insolvency situation a step by step guide through each of the main insolvency processes checklists, flowcharts and specimen forms commentary on current trends and predictions as to the future.