The following Restructuring & Insolvency guidance note provides comprehensive and up to date legal information covering:
Where an administrator appointment must be made urgently, the holder of a qualifying floating charge (QFCH) may file a notice of appointment with the court, notwithstanding that the court is not open for public business. When the court is closed (and only when it is closed) a notice of appointment may be filed with the court by faxing the appropriate form to a designated telephone number, or by emailing it (or sending it as an attachment to an email) to a designated email address.
This can include an application by:
a QFCH of a charity
a QFCH for the special administration of a building society
a QFCH of a body which holds a licence issued by the Law Society which is in force under the Legal Services Act 2007
The usual conditions apply as to whether a QFCH is entitled to appoint an administrator, including the provision of sufficient notice to any prior floating charge holder and that the floating charge must have become enforceable. For further detail, see Practice Notes: Out-of-court appointments—who can apply and in what circumstances?, Out-of-court administration appointments by a QFCH—the procedure and Security review checklist.
The notice of a
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