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Definitions (50)
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administration
Administration is a process which places a company under the control of a licensed insolvency practitioner and the protection of the court. It can be commenced by the directors, floating charge holder [..]
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administration order
An administration order is a court order placing a company that is, or is likely to become, insolvent under the control of an administrator following an application by the company, its directors or a [..]
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administrative receiver
Administrative receiver refers to the appointment of a receiver over the whole of a company’s assets by the holder of a floating charge to recover monies owed to the lender. The administrative receiv [..]
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administrator
An administrator is a licensed insolvency practitioner appointed to manage the affairs of a company to achieve the purpose of administration set out in the Insolvency Act 1986.
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bankrupt
A bankrupt is an individual against whom a bankruptcy order has been made by the court and who has not been discharged from bankruptcy.
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bankruptcy
Bankruptcy is the process of dealing with the estate of a bankrupt.
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bankruptcy order
A bankruptcy order is a court order making an individual bankrupt. The order signifies that the individual is unable to pay his/her debts and deprives him/her of his/her property, which is then realis [..]
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bond
A bond refers to the insurance cover needed by a licensed insolvency practitioner when appointed to deal with the insolvency of a company. The cost of the bond is payable from the estate.
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charging order
A charging order is a court order placing restrictions on the disposal of certain assets, such as property or securities, given after judgment and gives priority of payment over other creditors.
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company voluntary arrangement
A company voluntary arrangement is a legally binding agreement between a company and its creditors to repay some or all of its debt over a period of time.
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