Frances Coulson
Frances Coulson is head of insolvency and restructuring at Wedlake Bell LLP following the merger of the legal practice of Moon Beever into Wedlake Bell in 2021. She undertakes most areas of personal and corporate insolvency, specialising in contentious insolvency especially cases involving fraud, as well as provisional liquidations and injunctive work generally.
Frances was Chairman of the Appeal Committee at ACCA serving for 10 years until 2012 and served as a member of the Insolvency Law Evaluation Panel at the Insolvency Service, and CBI Insolvency Panel. She is a member of InsolInternational and a Council Member of InsolEurope, and has recently been appointed as a non executive Director of the Insolvency Service. Frances is a former President of R3 (2011-2012), the Insolvency trade body representing 97% of licensed insolvency practitioners. She now Chairs the R3 Fraud Group. She is a Special Constable with the National Crime Agency and was awarded a Director General's commendation in 2014.
Practice Areas
Panels
- Consulting Editorial Board
- Contributing Author
2 Contributions by Frances Coulson
CHECKLISTS
Bankruptcy Annulment on Payment in Full: Step-by-Step Checklist, Timeline and Post-Order Actions (IA 1986, s 282(1)(b), England and Wales)
Annulment: payment in full
Under section 282 of the Insolvency Act 1986 (IA 1986), a bankrupt may apply to have their bankruptcy annulled where they can discharge in full, and in particular in their entirety, the bankruptcy estate’s costs, expenses and claims, or, alternatively, provide security for those sums, as applicable.
This Checklist and timeline sets out the procedure for annulment applications on this basis, identifying each step sequentially after settlement of the estate’s costs, expenses and claims, from payment through to the making of the annulment order, together with the matters that must be addressed once the order has been made, thereafter. It shows the stages in order.
This Checklist and timeline does not apply to, or address, applications brought on the alternative ground in IA 1986, s 282(1)(a), namely a contention that the bankruptcy order should not have been made. For a Checklist and timeline dealing with applications on that alternative basis, see: Summary checklist and timeline for annulment applications where bankruptcy order ought not to have been made.
Step/task — Time (days) — Section/rule 1...
Restructuring & Insolvency
CHECKLISTS
Bankruptcy Annulment under Insolvency Act 1986 s 282(1)(a): Practitioner Checklist and Timeline (England and Wales)
Annulment: bankruptcy order ought not to have been made
One of the grounds in section 282 of the Insolvency Act 1986 (IA 1986) on which a bankrupt may seek annulment is that the bankruptcy order should not have been made. This Checklist and timeline summarises the procedure for applications brought on that basis, setting out the journey from preparing the application for issue right through to the making of the annulment order, together with matters to be addressed once the order is made.
Drafting the application for issue
Making of the annulment order
Post-order matters to be dealt with
This Checklist and timeline does not apply to applications relying on the alternative ground under IA 1986, s 282—where the costs, expenses and claims of the bankruptcy estate are paid in full or secured. For a Checklist and timeline dealing with that alternative, see: Summary checklist and timeline for annulment applications where payment in full—the position under the Insolvency (England and Wales) Rules 2016. It also identifies, for each step, the required action, the time (days), and the relevant section/rule...
Restructuring & Insolvency
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