Partnership insolvency

Partnership insolvency guidance:

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

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Why restore an LLP to the register? When a limited liability partnership (LLP) has been struck off, it may be possible to make an application to the Registrar of...

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

A partnership can be brought to end by its: • dissolution (see Practice Note: Ending a partnership—what is dissolution?), or • insolvency (see Practice Note: General...

Practice Note

This Practice Note discusses partnerships (as defined) formed under the Partnership Act 1890 (PA 1890) governed by English law as distinct from limited partnerships,...

Practice Note

A partnership formed under the Partnership Act 1890 (PA 1890) can be brought to end by its: • dissolution, or • insolvency This practice note explains what ‘dissolution’...

Practice Note

A limited partnership can be brought to an end by its: • dissolution, or • insolvency (see Practice Note: Ending a limited partnership—what is dissolution?) This Practice...

Practice Note

This Practice Note discusses limited partnerships (as defined) formed under the Limited Partnerships Act 1907 (LPA 1907) and governed by English law, as distinct from...

Practice Note

A limited partnership formed under the Limited Partnerships Act 1907 (LPA 1907) can be brought to an end by its: • dissolution, or • insolvency A great deal of the same...

Practice Note

The regime for administration of general partnerships is very similar to the administration of insolvent companies (for companies, see Administration—overview). The...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

This Practice Note discusses the provisions of a limited partnership agreement for limited partnerships formed under the Limited Partnerships Act 1907 (LPA 1907). It...

Practice Note

Relevant legislation Limited partnerships can be created under the Limited Partnerships Act 1907 (LPA 1907). Importantly for limited partnerships, The Insolvency...

Practice Note

Brexit impact As of exit day (31 January 2020) the UK is no longer an EU Member State. However, in accordance with the Withdrawal Agreement, the UK has entered an...

Practice Note

Disqualification Directors Principally, disqualification proceedings are brought against directors of companies. Proceedings are brought pursuant to the Company Directors...

Practice Note

Applicable legislation Under the Insolvent Partnerships Order 1994 (IPO 1994), SI 1994/2421, as amended, the IR 2016, SI 2016/1024 'as from time to time in force' apply...

Practice Note

Why restore an LLP to the register? When a limited liability partnership (LLP) has been struck off, it may be possible to make an application to the court for an order to...

Practice Note

Striking off a limited liability partnership (as defined) (LLP) pursuant to Part 31 of the Companies Act 2006 (CA 2006) as modified by the Limited Liability Partnerships...

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

In addition to the better-known company voluntary arrangements (CVAs) and individual voluntary arrangements (IVAs), the insolvency legislation permits insolvent general...

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
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