When a company is being wound up or in bankruptcy proceedings, the Official Receiver may at any time apply to the court to question the company’s director(s) or any other person who has taken part in [..]

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An order made in a county court to arrange and administer the payment of debts by an individual; or an order made by a court in respect of a company that appoints an administrator to take control of t [..]

The corporate insolvency process commonly used where there is a prospect of continuation of all or part of the business as a going concern. A company can be put into Administration if a floating charg [..]

An Licensed Insolvency Practioner appointed by the holder of a debenture that is secured by a floating charge that covers the whole or substantially the whole of the company’s assets. The Licensed Ins [..]

The process where a Licensed Insolvency Practitioner is appointed by a debenture holder (lender) to realise a company’s assets and pay preferential creditors and the debenture holder’s debt. The right [..]

A Licensed Insolvency Practitioner appointed by the court under an administration order or by a floating charge holder or by the company or its directors filing the requisite notice at court.

Cancellation.

Anything that belongs to the debtor that may be used to pay his/her debts.

A bankrupt is an individual against whom the Court has made a Bankruptcy order. The order signifies that the individual is unable to pay their debts and deprives them of their property (in favour of a [..]