JULY 2005

31.1.1 Introduction

This chapter provides details of how the official receiver should deal with the book debts of a company in liquidation or a bankrupt. It is divided into 7 parts as follows

Part 1 - Definitions (paragraphs 31.1.2 to 31.1.3)

Part 2 - The book debt contractor (paragraphs 31.1.4 to 31.1.33)

Part 3 - Loans to connected parties (paragraphs 31.1.34 to 31.1.35) (amended February 2012)

Part 4 - Insolvency practitioners and the contractor (paragraphs 31.1.36 to 31.1.37)

Part 5 - Factoring agreements, sale and assignment of book debts and special managers (paragraphs 31.1.38 to 31.1.42)

Part 6 - Book debts subject to a fixed or floating charge (paragraphs 31.1.43 to 31.1.47)

Part 7 - Late Payment of Commercial Debts (Interest) Act 1988 (paragraphs 31.1.48 to 31.1.53)

Annex 1 – Companies Act 1985 and directors’ loan accounts (added February 2012)

[On to Part 1- Definitions]