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(p. 251) 25. Company insolvency proceedings 

(p. 251) 25. Company insolvency proceedings
(p. 251) 25. Company insolvency proceedings

J. Scott Slorach

and Jason Ellis

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date: 04 December 2020

This chapter deals with the procedures available when a company is insolvent or facing financial difficulties. It also considers the ways in which insolvent partnerships can be subject to the same procedures as companies. The law relating to these matters is principally contained in the Insolvency Act 1986 (IA 1986) together with the Insolvency Rules 1986, as amended by the Insolvency Act 2000 and the Enterprise Act 2002. The insolvency legislation provides four procedures for companies in financial difficulties: administration, voluntary arrangement, receivership, and liquidation.

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