Ch 56: Alternative Corporate Procedures (September 2003)
September 2003
56.1 Introduction
(amended April 2013)
This chapter provides details of the alternative formal procedures available to a company (and in the case of administration a partnership) in financial difficulty or where it wishes to wind up its affairs. It is divided into parts as follows:
Part 1 - Administration (replaced by Chapter 56.1).
Part 2 – Receivers and administrative receivers (replaced by Chapter 56.2).
Part 3 – Voluntary liquidation (replaced by Chapter 56.3).
Part 4 - Schemes of arrangement (paragraphs 56.186 to 56.204).
Part 5 - Company Voluntary Arrangements (paragraph 56.205 to 56.255).
The following abbreviations are used in this chapter
IA86 |
Insolvency Act 1986 |
IA2000 |
Insolvency Act 2000 |
EA2002 |
Enterprise Act 2002 |
CA 06 |
Companies Act 2006 |
[Paragraph] |
IA86 Schedule B1 paragraph |
EEA |
European Economic Area |
I(A)R2003 |
Insolvency (Amendment) Rules 2003 |
IAR 2010 |
Insolvency (Amendment) Rules 2010 |
LRO 2010 |
Legislative Reform (Insolvency) (Miscellaneous Provisions) Order 2010 |
[On to Part 2 – Receivers and administrative receivers]