Compulsory liquidation: an overview
This practice note provides an overview of compulsory liquidation, or winding-up under the Insolvency Act 1986. It discusses situations in which a company can be placed into compulsory liquidation including the procedure for presenting a winding-up petition, and the effect of a winding-up order being made.
For further information on how to place a company into compulsory liquidation see Practice note, Creditor's winding up petition: procedure. This note does not cover voluntary liquidations, which are considered in Practice note, Voluntary liquidation: What is it and how do I place a company into voluntary liquidation?
This document is currently being updated in readiness for when the Insolvency (England and Wales) Rules 2016 (SI 2016/1024) come into force on 6 April 2017. While this process is underway and until 6 April 2017 you will need to check whether there have been intervening developments that affect the published version of this document by referring to Practice note, Supplement to maintained R&I materials: legal developments between December 2016 and April 2017.