This second edition has been updated to include major developments in corporate and personal insolvency law. Key changes to the text were necessitated by the considerable volume of case law in recent years and by statute,including the Welfare Reform and Pensions Act 1999, the Insolvency Act 2000, the European Council Regulation on Insolvency Proceedings 2000, the Limited Liability Partnerships Act 2000 and the Enterprise Act 2002. New developments pertaining to the disqualification of directors, funding of litigation by office-holders and cross-border insolvency within Europe have been taken into account, as have changes to the assets available to creditors in a bankruptcy and to the order of distribution in both bankruptcy and liquidation. This book also describes the impact of the latest human rights legislation on insolvency law and covers the Department of Trade and Industry's resolution to address the issue of indebtedness. Corporate and Personal Insolvency Law provides a basic framework of knowledge of the current legal rules and a comprehensive introduction to the underlying issues. It will be ideal for those studying insolvency at undergraduate or postgraduate level and for those studying professional examinations and practising in the area.