| Commentary

8 Insolvency practitioners

| Commentary

8 Insolvency practitioners

The procedures dealt with below are all likely to stem from consultation with an insolvency practitioner, in order to decide whether any, and if so, what insolvency procedure is appropriate in the particular case. All the procedures involve an office-holder taking over the control of the affairs, business and property of the company from the company directors.

Such an office-holder must be qualified to act as an insolvency practitioner in relation to the company1. An insolvency practitioner must be authorised to act by virtue of membership of a professional body recognised for this purpose by the Secretary of

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