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56.1 Introduction
(amended March 2011)
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 (paragraphs 56.2 to 56.74).
Annex 1 - Administration proceedings before the commencement of the Enterprise Act 2002.
Part 2 - Receivers and administrative receivers (paragraphs 56.75 to 56.132).
Part 3 - Voluntary liquidation (paragraphs 56.133 to 56.185).
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 1 - Administration]