The following Restructuring & Insolvency Q&A produced in partnership with Caroline Clark provides comprehensive and up to date legal information covering:
This Q&A suggests that a company in administration is coming up to the first anniversary of the administration. The administration will then automatically come to an end under paragraph 76(1) of Schedule B1 to the Insolvency Act 1986 (IA 1986), although it is possible for the administration to be extended by court or by the consent of creditors for up to a year under IA 1986, Sch B1, para 76(2). No mention is made in the question as to whether all assets have been realised, but the administrator is pursuing office-holder claims such as a transaction at an undervalue under IA 1986, s 238 or a preference under IA 1986, s 239. No information is available about the likelihood of a dividend
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