There can be nothing more heartbreaking than facing the cold, hard truth that your business is in dire trouble and headed for insolvency. But this can be an equally trying experience for those offering assistance to the troubled. This insolvency special report examines whether the new Company Law Reform Bill will ease the burden on insolvency practitioners and lawyers. It also examines whether pre-appointment costs in administrations can ever be recovered; reviews the upcoming change to the Insolvency Act 2004, which will legislate cross-border insolvencies; and debates whether the Pension Regulator’s new powers regarding underfunded pension schemes could encroach on the role held by insolvency practitioners.