Reforms to insolvency law have been followed by record bankruptcy levels and an explosion in the use of voluntary arrangements and company administrations. The second edition of this handbook provides a comprehensive guide to the current insolvency law landscape and an assessment as to how far statutory reforms have resulted in permanent economic and social changes in attitudes towards credit and debt. The handbook takes into account recent statutory developments in areas such as employment, pension and partnership law as well as the new regulations which attempt to deal with the ever increasing number of cross border insolvencies.The second edition includes scores of new case law references including commentary on key recent decisions such as Leyland Daf, Spectrum Plus, Trident Fashions, Powerhouse, Collins and Aikman and Save Group Plc. The book is thorough and practical, offering: checklists, flowcharts and specimen forms; coverage of both corporate and personal insolvency; consideration of options and decisions faced from the perspective of both creditor and debtor pre- and post-commencement of any insolvency process; a step-by-step guide through each of the main insolvency processes; and, an assessment of current trends and predictions as to the future.