Commentary

108 Out-of-court procedure where there is a qualifying floating charge holder

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

108 Out-of-court procedure where there is a qualifying floating charge holder

| Commentary

108 Out-of-court procedure where there is a qualifying floating charge holder

If the company or its directors wish to appoint an administrator out of court where there is a qualifying floating charge holder, they must, before proceeding to a notice of appointment, first serve upon the qualifying floating charge holder (and as soon as practicable file in court) a notice of intention to appoint, and in addition must serve copies of the notice of intention on certain other parties1.The notice must be headed ‘Notice of Intention to appoint an administrator by company or directors’ and contain the content prescribed by

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