This Revised Edition of a Guide to Personal Bankruptcy, and Company Insolvency is a concise guide to the steps underpinning the processes Of bankruptcy and insolvency and the impact on individuals and companies. In the last few years, the whole process of bankruptcy has moved from the original position where a person was bankrupt for a number of years to a position where the whole process has been streamlined, with the period of bankruptcy shortened to one year. In addition, debt relief orders are being introduced which give greater relief to the would-be bankrupt. Company insolvency has also been streamlined to make the process easier for all concerned.