Accepting a surrender can be the quickest way for a landlord to regain possession of the premises from an insolvent tenant. It circumvents the extra requirements before...
Real estate often forms part of the assets of an insolvent company to be sold by an administrator and can frequently be key to a potential buyer so it can continue the...
Date[insert date of appointment] Parties 1 [insert name of Lender] of [insert address][incorporated in England and Wales with company registration number [insert company...
Bankruptcy is an insolvency process for individuals, which commences on the day the bankruptcy order is made. Until 6 April 2016, unlike its corporate equivalent...
When a bankruptcy order is made, a bankrupt’s property normally automatically vests in the Official Receiver/trustee in bankruptcy. However, property owned by the...
Equity of exoneration Where the property of a spouse is charged in order to raise money for the payment of the first spouse’s debts or otherwise for his or her benefit,...
When an individual is adjudicated bankrupt, his property (with the exception of an interest in various short-term residential tenancies in certain circumstances) vests in...
The receiver’s duty The duty owed by a receiver to a mortgagor when selling a property is the same as that owed by the mortgagee to a mortgagor: • in exercising his power...
Dissolution A company is dissolved (or deemed dissolved) following: • liquidation • administration • striking off its name off the register by the Registrar of Companies...
In this Practice Note, receivers, administrators and liquidators will, for convenience, be referred to collectively as Insolvency Practitioners (IPs), although it is not...
Land Charges searches are not required for dealings with registered land, but if you are acting for a lender in connection with a charge over an interest in property,...
Right to recover rent The commercial rent arrears recovery (CRAR) regime allows landlords to seize a tenant’s goods from the demised premises in order to recover unpaid...
Background Certain transactions entered into by a company within a specified period before insolvency may be set aside, or otherwise adjusted, by the court on the...
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 creditors and...
ARCHIVED: This Precedent incorporates the Standard Commercial Property Conditions (Second Edition) and is no longer maintained. The Third Edition of the Standard...
This Agreement is made on [date] Parties 1 [insert name of Seller] in administrative receivership [and also in liquidation] incorporated in England and Wales with company...
ARCHIVED: This Precedent incorporates the Standard Commercial Property Conditions (Second Edition) and is no longer maintained. The Third Edition of the Standard...
This Agreement is made on [date] Parties 1 [insert name of Seller] in administration incorporated in England and Wales with company registration number [insert company...
ARCHIVED: This Precedent incorporates the Standard Commercial Property Conditions (Second Edition) and is no longer maintained. The Third Edition of the Standard...
This Agreement is made on [date] Parties 1 [insert name of Seller] (in liquidation) incorporated in England and Wales with company registration number [insert company...
ARCHIVED: This Precedent incorporates the Standard Commercial Property Conditions (Second Edition) and is no longer maintained. The Third Edition of the Standard...
This Agreement is made on [date] Parties 1 [insert name of Seller] in [liquidation OR administration] incorporated in England and Wales with company registration number...
ARCHIVED: This Precedent incorporates the Standard Commercial Property Conditions (Second Edition) and is no longer maintained. The Third Edition of the Standard...
This Agreement is made on [date] Parties 1 [insert name of Seller ie the mortgagee] [of [insert address] OR incorporated in England and Wales with company registration...
This Agreement is made on [date] Parties 1 [[insert name of Trustee in Bankruptcy] of [insert address] (the trustee in bankruptcy of the estate of the Debtor) (the...
Eligibility Part VI of the County Courts Act 1984 (CCA 1984) introduces a new form of administration procedure for debtors who do not have any business debts and whose...