Commentary

69 Overview of administration and administrative receivership

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

69 Overview of administration and administrative receivership

69 Overview of administration and administrative receivership

In view of the unlimited transitional period in relation to appointments by the holders of qualifying floating charges1, it is still (though in view of the lapse of time now largely theoretically) necessary to consider both the pre-Enterprise Act 2002 law on administrative receivers2 and the post-Enterprise Act 2002 law on the appointment of administrators by the holders of qualifying floating charges. The pre-Enterprise Act 2002 law applies where there is an appointment, whenever made, under a debenture made prior to 15 September 2003.

It should be noted that there are many similarities between

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