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Commentary

105 Notice of intention to appoint where there is no qualifying floating charge holder

BANKRUPTCY AND INSOLVENCY (CORPORATE INSOLVENCY) vol 3(3)
| Commentary

105 Notice of intention to appoint where there is no qualifying floating charge holder

| Commentary

105 Notice of intention to appoint where there is no qualifying floating charge holder

Where there is no qualifying floating charge holder to whom notice of intention to appoint must be given, no previous notice of intention to appoint need be given to anyone else1. Hence other creditors whether secured or unsecured may not know of the appointment of an administrator until after the event (unless they have presented a winding-up petition, in which case an out-of-court appointment is not permitted)2.

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