Corporate insolvency

Corporate insolvency guidance:

This Practice Note has been archived and is not maintained. Introduction The Insolvency (England and Wales) Rules 2016 (IR 2016), SI 2016/1024 were published and laid...

Practice Note

This note explains how a Limited Liability Partnership (LLP) can be placed into administration, and what powers the administrator has. This Practice Note does not apply...

Practice Note

This Practice Note explains how a Limited Liability Partnership (LLP) can be placed into compulsory liquidation, what powers the liquidator has, and what the obligations...

Practice Note

This note explains how a Limited Liability Partnership (LLP) can be placed into creditors’ voluntary liquidation (CVL), what powers the liquidator has, and what the...

Practice Note

Administration was introduced by the Insolvency Act 1986 (IA 1986) and the procedure was heavily revised by the Enterprise Act 2002. Appointment Administrators may be...

Practice Note

Effect of appointment An administrative receiver is appointed by the holder of a floating charge (often referred to as a debenture and which may also incorporate fixed...

Practice Note

Effect of appointment A fixed charge receiver is appointed under a legal charge or mortgage and only has power to deal with and dispose of the charged property. Although...

Practice Note

Forms of liquidation 'Liquidation' or 'winding up' is the process by which a company is brought to an end. When a company is liquidated its business is terminated,...

Practice Note

From 8 December 2017, The Insolvency (Miscellaneous Amendments) Regulations 2017, SI 2017/1119 apply to modify the regimes applicable to Limited Liability Partnerships...

Practice Note

The regime A partnership cannot create a floating charge. Any partnership which can be wound up by the court in England and Wales can also be the subject of...

Practice Note

This Practice Note explains how a Limited Liability Partnership (LLP) can be placed into voluntary arrangement (VA). This Practice Note does not apply to Limited...

Practice Note

General Liquidation (sometimes called winding up) is the process by which a company and its affairs are brought to an end and its assets distributed to its creditors and...

Practice Note

This Practice Note concentrates on the winding-up of an insolvent partnership as an unregistered company under the Insolvency Partnerships Order 1994 (IPO 1994), SI...

Practice Note