Overview of company insolvency procedures
This note provides a summary of the various corporate insolvency procedures that may apply to a company in financial difficulties and summarises information in the following practice notes:
- Administrative receivership.
- Company voluntary arrangements (CVAs).
- Schemes of arrangement: role of the court.
For each procedure, this note summarises in a table:
- Its purpose.
- Who may commence the procedure.
- How the procedure is commenced.
- Its effect.