Corporate insolvency: a guide

Resource type: Practice note: overview

Status: Maintained

Jurisdictions: England, Wales

An introduction to the aims of and background to corporate insolvency law, together with a brief overview of the various insolvency procedures available.

This note also contains links to a multi-jurisdictional guide to restructuring and insolvency and a detailed note on US bankruptcy procedures.

PLC Restructuring and Insolvency

Register for free access

To access this resource and thousands more, register for a free, no-obligation trial of Practical Law. Register using the button below, telephone +44 (0)20 7202 1220 or e-mail info@practicallaw.com.

A free trial will give you:

✔	Unlimited access to Practical Law online know-how
✔	Thousands of market standard documents and clauses
✔	Daily alerts and weekly update e-mails on key legal developments in your practice area
	Register

Log in

To access this resource, log in below or register for free access.

Contact us

Our customer services team are available every working day 8.30am to 7pm (GMT).

Actions

Resource information

Show resource details Hide resource details

Resource ID: 8-107-3973
Products: IP&IT, PLC UK Commercial, PLC UK Construction, PLC UK Corporate, PLC UK Dispute Resolution, PLC UK Employment, PLC UK Environment, PLC UK Finance, PLC UK Law Department, PLC UK Pensions, PLC UK Property, PLC UK Public Sector, PLC UK Restructuring and Insolvency
This resource is maintained, meaning that we monitor developments on a regular basis and update it as soon as possible.

Ask a question

Related content

Topics

AdministrationAdministration (http://commercial.practicallaw.com/9-103-1256)
Asset FinanceAsset Finance (http://commercial.practicallaw.com/5-201-5200)
Directors and Employees: Restructuring and InsolvencyDirectors and Employees: Restructuring and Insolvency (http://commercial.practicallaw.com/7-103-1257)
Enforcement: LitigationEnforcement: Litigation (http://commercial.practicallaw.com/7-204-0010)
General CommercialGeneral Commercial (http://commercial.practicallaw.com/7-379-8563)
Insolvency: Land and BuildingsInsolvency: Land and Buildings (http://commercial.practicallaw.com/1-103-1316)
Liquidation, Winding Up and DissolutionLiquidation, Winding Up and Dissolution (http://commercial.practicallaw.com/1-103-1260)
Project financeProject finance (http://commercial.practicallaw.com/3-201-5282)
Real Estate Finance and InvestmentReal Estate Finance and Investment (http://commercial.practicallaw.com/9-103-2086)
ReceivershipReceivership (http://commercial.practicallaw.com/0-386-1402)
Restructuring and InsolvencyRestructuring and Insolvency (http://commercial.practicallaw.com/9-103-2072)
Restructuring and Insolvency: Basic ConceptsRestructuring and Insolvency: Basic Concepts (http://commercial.practicallaw.com/5-103-1263)
Security and Quasi SecuritySecurity and Quasi Security (http://commercial.practicallaw.com/6-103-1106)
Structured FinanceStructured Finance (http://commercial.practicallaw.com/8-103-1105)
Winding-up and Insolvency: PensionsWinding-up and Insolvency: Pensions (http://commercial.practicallaw.com/5-205-7959)

Practice note: overview

Administration Administration (http://crossborder.practicallaw.com/topic3-107-3975)
Administration: a quick guide Administration: a quick guide (http://crossborder.practicallaw.com/topic7-385-3012)
Company voluntary arrangements (CVAs) Company voluntary arrangements (CVAs) (http://crossborder.practicallaw.com/topic6-107-3974)
Compulsory liquidation: a quick guide Compulsory liquidation: a quick guide (http://crossborder.practicallaw.com/topic8-502-2031)
Creditors' voluntary liquidation: a quick guide Creditors' voluntary liquidation: a quick guide (http://crossborder.practicallaw.com/topic7-502-2748)
Overview of company insolvency procedures Overview of company insolvency procedures (http://crossborder.practicallaw.com/topic0-201-8404)
Provisional liquidation: a quick guide Provisional liquidation: a quick guide (http://crossborder.practicallaw.com/topic3-384-0074)
Schemes of arrangement: overview Schemes of arrangement: overview (http://crossborder.practicallaw.com/topic2-107-4433)
Valuation issues in restructurings: overview Valuation issues in restructurings: overview (http://crossborder.practicallaw.com/topic3-509-0598)

Practice notes

Administrative receivership Administrative receivership (http://crossborder.practicallaw.com/topic1-107-3976)
Administrators' remuneration, disbursements and expenses Administrators' remuneration, disbursements and expenses (http://crossborder.practicallaw.com/topic6-381-9981)
Buying the business and assets of an insolvent company Buying the business and assets of an insolvent company (http://crossborder.practicallaw.com/topic9-100-1853)
Cross-border insolvencies Cross-border insolvencies (http://crossborder.practicallaw.com/topic2-107-3985)
Financial collateral arrangements Financial collateral arrangements (http://crossborder.practicallaw.com/topic8-212-1954)
Insolvency and considerations for directors Insolvency and considerations for directors (http://crossborder.practicallaw.com/topic5-107-3984)
Lease disclaimers in insolvency: effect on subtenants and other third parties Lease disclaimers in insolvency: effect on subtenants and other third parties (http://crossborder.practicallaw.com/topic8-385-0230)
Leases: Re-entry and forfeiture Leases: Re-entry and forfeiture (http://crossborder.practicallaw.com/topic4-386-5498)
Liquidation: overview Liquidation: overview (http://crossborder.practicallaw.com/topic1-107-3981)
Liquidator's sanction to pursue reviewable transaction claims Liquidator's sanction to pursue reviewable transaction claims (http://crossborder.practicallaw.com/topic3-516-7408)
Mortgages and charges over land Mortgages and charges over land (http://crossborder.practicallaw.com/topic2-107-4640)
Nil paid share schemes: insolvency law issues Nil paid share schemes: insolvency law issues (http://crossborder.practicallaw.com/topic0-381-1817)
Reviewable transactions in corporate insolvency Reviewable transactions in corporate insolvency (http://crossborder.practicallaw.com/topic5-107-3979)
Schemes of arrangement: role of the court Schemes of arrangement: role of the court (http://crossborder.practicallaw.com/topic6-107-3988)
Security for costs against an insolvent company Security for costs against an insolvent company (http://crossborder.practicallaw.com/topic6-203-1186)
Tenant insolvency and its effect on the landlord Tenant insolvency and its effect on the landlord (http://crossborder.practicallaw.com/topic9-107-3920)
The statutory moratorium in administration The statutory moratorium in administration (http://crossborder.practicallaw.com/topic4-523-9570)

Standard document

Asset sale agreement by a company in administration Asset sale agreement by a company in administration (http://crossborder.practicallaw.com/topic4-500-6820)

Glossary

Insolvency practitioner Insolvency practitioner (http://crossborder.practicallaw.com/topic5-107-6261)
Moratorium Moratorium (http://crossborder.practicallaw.com/topic0-107-6862)
Statutory demand Statutory demand (http://crossborder.practicallaw.com/topic4-107-7317)

Article: other

Doing business in a recession: are you fighting fit? Doing business in a recession: are you fighting fit? (http://crossborder.practicallaw.com/topic8-385-5020)

Articles

Corporate insolvency: from past to present Corporate insolvency: from past to present (http://crossborder.practicallaw.com/topic9-376-4270)
Cross-border insolvencies: UK and US markets compared Cross-border insolvencies: UK and US markets compared (http://crossborder.practicallaw.com/topic0-384-0612)
Directors' liabilities in a downturn: navigating the road ahead Directors' liabilities in a downturn: navigating the road ahead (http://crossborder.practicallaw.com/topic4-386-6803)
Drafting for insolvency: contractual protections Drafting for insolvency: contractual protections (http://crossborder.practicallaw.com/topic7-102-9829)
Insolvency and employees: hanging them out to dry? Insolvency and employees: hanging them out to dry? (http://crossborder.practicallaw.com/topic6-376-6497)
Knowing when to stop: Directors and insolvency Knowing when to stop: Directors and insolvency (http://crossborder.practicallaw.com/topic7-101-6054)
Pensions and corporate insolvencies: issues for pension funds Pensions and corporate insolvencies: issues for pension funds (http://crossborder.practicallaw.com/topic0-380-2115)
Tenant insolvencies: going through the roof? Tenant insolvencies: going through the roof? (http://crossborder.practicallaw.com/topic8-384-9166)

Legal update: archive

Cross-border insolvency: the long-awaited solution Cross-border insolvency: the long-awaited solution (http://crossborder.practicallaw.com/topic7-202-3077)
Disqualification undertakings Disqualification undertakings (http://crossborder.practicallaw.com/topic5-101-5809)

Books

Insolvency and Restructuring Manual Insolvency and Restructuring Manual (http://crossborder.practicallaw.com/topicB-000-1617)
The Law & Practice of Receivership in Scotland, 3rd Edition The Law & Practice of Receivership in Scotland, 3rd Edition (http://crossborder.practicallaw.com/topicB-000-1604)
The Law Relating to Receivers, Managers and Administrators, 4th Edition The Law Relating to Receivers, Managers and Administrators, 4th Edition (http://crossborder.practicallaw.com/topicB-000-1320)

Corporate insolvency: a guide

Register for free access

Log in

Contact us

Cookie Policy