Insolvent liquidation is one of the ways in which the affairs of an insolvent company may be wound up. It may be initiated as an independent process, or follow a company voluntary arrangement, receivership or administration. It can also co-exist with a receivership. The company will be automatically dissolved three months after the liquidation ends, unless an appeal against dissolution is lodged.
There are two types of insolvent liquidation, namely creditors' voluntary liquidation and compulsory liquidation. In this briefing, Nabarro's restructuring and insolvency team provides an overview of these princpal insolvent liquidation procedures; the liquidator's role and powers; and the claims process.
To learn more, click 'View Briefing'.