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Guidance and regulation

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From The Insolvency Service
  • This is purely a bankruptcy procedure. Information on procedure and the official receiver's role in applications for annulment of the order.

  • This guide refers to investigations by the Insolvency Service into companies that have entered into formal insolvency proceedings – which means administration, administrative receivership, voluntary and compulsory liquidatio…

  • What you can consider doing if your company is in financial difficulty.

  • This chapter is not intended to be an exhaustive list of every type of asset, instead it provides information relating to assets most likely to be encountered by the official receiver but that are not covered elsewhere in th…

  • Dealing with antecedent recoveries other than preferences and transactions at undervalue.

  • Dealing with a failure to co-operate by company officers, partners and bankrupts.

  • Guidance on the official receivers' duty to deal with the books and records of insolvents.

  • Guidance on the options for managing a company's insolvency.

  • Failing to meet your obligations can lead to serious consequences, including criminal charges, civil penalties or other action against you or the company.

  • As a director, you’re responsible for making sure that you and your company comply with all relevant laws, regulations and rules.

  • Information on the disabilities and restrictions on undischarged bankrupts or individuals subject to bankruptcy restrictions order or who have given bankruptcy restriction undertaking. This is general guidance for Insolv…

  • This chapter provides guidance on partnerships. It covers both general partnerships and limited partnerships but not limited liability partnerships (LLPs), which are covered in chapter 53.

  • The insolvency practitioner (IP) rota is used in the distribution of insolvency cases by the official receiver.

  • Insolvency rules, regulations and orders

  • Gazette and advertisement

  • A statutory demand is a formal written demand for payment of a debt within 21 days.

  • It’s important that you keep up-to-date records of the income and expenditure connected with your company.

  • Legislation

  • The responsibility for your company’s money lies with you, the director.

  • Information about the public register of bankruptcies, debt relief orders and individual voluntary arrangements