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Mayson, French & Ryan on Company Law

Mayson, French & Ryan on Company Law (36th edn)

Derek French
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date: 25 September 2022

p. 68320. Company insolvency and liquidationlocked

p. 68320. Company insolvency and liquidationlocked

  • Derek FrenchDerek FrenchFreelance editor and writer in business and legal publishing for over 30 years

Abstract

This chapter deals with procedures and legislation governing the insolvency and liquidation of a company and who are qualified as insolvency practitioners. It discusses insolvency procedures such as administration, voluntary arrangement, creditors’ voluntary winding up, winding up by the court and the appointment of a provisional liquidator. It considers the effect of insolvency and liquidation procedures on floating charges, court control of insolvency and liquidation procedures, and liability for fraudulent trading and wrongful trading. The legal principles underlying disqualification orders against a company’s directors, the use of an insolvent company’s name, the order of the application of assets in liquidation and the dissolution of a company are also examined.

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