Vacation of office, etc

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    Overview

    This section explains how to record the details of vacating office so that the IP Record is correctly populated.

    Vacation of office, etc

    File:test/insolvency/250_23+IP+Record/030_Information+required+by+the+IP+Record/080_Vacation+of+office%2C+etc/IP_Vacate1.png

    For item 12(a), a record of the final meeting needs to be created in the meetings register.  Go to Corporate > Meetings Register (or Estate > Meetings Register for personal insolvency jobs).

    File:test/insolvency/250_23+IP+Record/030_Information+required+by+the+IP+Record/080_Vacation+of+office%2C+etc/IP_Vacate2.png

    If a final meeting has not been recorded, click [Add] and enter the appropriate details.  The Meeting Type should be set to “Final Meeting”, as shown below.

    File:test/insolvency/250_23+IP+Record/030_Information+required+by+the+IP+Record/080_Vacation+of+office%2C+etc/IP_Vacate3.png

    Item 12(b) is completed when the appointee’s release date is entered.  Go to General > Appointment and double-click on the relevant IP record.  Complete the Release Date field with the relevant date.

    File:test/insolvency/250_23+IP+Record/030_Information+required+by+the+IP+Record/080_Vacation+of+office%2C+etc/IP_Vacate4.png

    The information to complete item 12(c) is found in the corporate information area.  Go to Corporate > Corporate Info > IP Record (or Estate > Estate Info > IP Record for personal insolvency jobs).  The date field for Date of Final Receipts and Payments should be when the final account is filed with the Registrar of Companies.

    File:test/insolvency/250_23+IP+Record/030_Information+required+by+the+IP+Record/080_Vacation+of+office%2C+etc/IP_Vacate5.png

    Note

    The final account may be sent in some time after the final meeting, e.g., section 106 of the Insolvency Act 1986 allows for a period of 1 week after the latest of the final meetings to file the final account and return with the Registrar of Companies.