Rachael Singh, Accountancy Age, Wednesday 19 May 2010 at 12:08:00

82m IT project takes the Insolvency Service offline between 2 July - 12 July

The regulator of the insolvency profession, the Insolvency Service, will be unable to fulfill many of its duties as official receiver for 10 days, as it updates its IT systems.

From 2 July to 12 July the Insolvency Service will be updating its insolvency case management systems which it hopes will deliver "significant efficiency savings".

The IT upgrade, called Enabling the Future, is estimated to cost 82m on completion. However, the body hopes the benefits will total more than 122m according to the Service's corporate plan for 2010 ? 2011.

During this period the Insolvency Service will be unable to receive forms online; make payments on insolvent estates including dividend payments to creditors; no Debt Relief Orders can be submitted; and there could be reduced services available from the enquiries team due to the lack of access to documents.

The London Gazette will also be affected. During this period no information regarding cases can be sent to the publication with the Gazette expected to include additional cases in its next issue.

Further reading:

Insolvency profession grinds through new rules

Insolvency Act: all change

Online insolvency register could save time and money