Insolvency and corporate rescue

Main provisions of the
Insolvency Act 1986
New procedures to avoiding liquidation
Administration Voluntary arrangements
Winding-up of the company
By the court Voluntarily
Payments of debts

Administration
Aim of the administration
When an Order can be made
Functions of the administrator
Limitation on jurisdiction
Effect of making the Order

Voluntary arrangement
Legal effect of an arrangement
Advantage disadvantage
Proposal

Winding-up of the company
By the court
Grounds for the winding-up
Presentation of a winding-up petition
Voluntarily
Members’ voluntary winding-up
Creditors’ voluntary winding-up

Payments of debts
Avoiding antecedent transactions
The order of payment debts