Explore the essential framework and procedures for identifying and managing company insolvencies. Dive into the specific stages, from initial distress signals to formal insolvency proceedings, and gain invaluable insights on navigating liquidations, administrations, and company voluntary arrangements. Equip yourself with practical strategies and best practice guidance to support your clients through complex corporate financial difficulties.
Restructuring & Insolvency analysis: Liberty Leasing Ltd (Liberty) successfully challenged, under rule 15.35 of the Insolvency (England and Wales)...
The Insolvency Service has announced that Garry Pettigrew, former director of Healthcare Environmental Services Limited, has been disqualified from...
Restructuring & Insolvency analysis: This judgment considers when a creditors’ voluntary liquidation may be converted into a compulsory liquidation,...
This week's edition of Restructuring & Insolvency weekly highlights includes: an analysis of the High Court’s decision to set aside an order...
Role, powers, functions and duties of a liquidatorThe role and function of a liquidatorA liquidator is the officer appointed when a company goes into...
Bonds and notesThe terms ‘bonds’ and ‘notes’ are used interchangeably (and there is no legal difference between the terms), though notes tend to be...
Bankruptcy searchesBankruptcy searches at the Land Charges DepartmentWhen a bankruptcy petition is presented by a creditor, the court shall as soon as...
Basic introduction to super senior, senior, mezzanine and junior debtThe range of funding options open to companies has exploded, resulting in a vast...
Receivership—an introductory guideThe appointment of a receiver is a remedy for creditors and certain third parties to protect their interest in assets of a company.This guide gives an introduction to the types of receiverships available and some of the effects of appointing a receiver. For links to
Best price reasonably obtainable—what it means for receiversThe receiver’s dutyThe 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 its power of sale over mortgaged property a mortgagee is under a general duty to
How an administration comes to an endThere are several ways in which an administration can come to an end depending on the specific circumstances of the administration.The starting point is that an administration should not last longer than 12 months—the administration will come to an automatic end
What are provisional liquidators, when are they appointed, and why?What is a provisional liquidator?A provisional liquidator is, in effect, an interim liquidator, where a licensed insolvency practitioner (IP) or the official receiver (OR) is appointed under section 135 of the Insolvency Act 1986 (IA
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