Ch 56: Alternative Corporate Procedures (September 2003)

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]