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A company that enters formal insolvency will in many cases have outstanding debts.
Directors have specific duties if their company becomes insolvent. These still apply if it is trading or if trading has stopped.
General guidance on securing, protecting and realising insolvent estates
Disclaiming property of the insolvency where that property is onerous, including the process to be followed for an effective disclaimer
This chapter gives advice to Official Receivers on carrying out a decision-making process under the insolvency legislation, in particular the process to effect the appointment of an insolvency practitioner as liquidator or t…
Complain to the Insolvency Service if a director or sole trader is re-using the name (or a similar name) of a company in compulsory or creditors’ voluntary liquidation.
Dividends are payments made to shareholders from company profits after Corporation Tax.
When you become the director of a limited company, you should be aware of the legal requirements and duties involved.
Guidance on appointing an insolvency practitioner and handing over the estate. Including the use of the official receivers' rotas and vacancies in office.
Think carefully before you borrow money for your company.
Dear IP is updated quarterly and issued by the Insolvency Service to insolvency practitioners and other interested stakeholders
This document contains information related to company investigations and The Insolvency Service.
Details on RP14 and RP14A upload
Information on dealing with applications for appeal, stay or rescission of a bankruptcy order or winding-up order. Includes information on orders protecting persons at risk of violence.
Actions to take in the initial stages of a bankruptcy including letters to be sent and enquiries to be undertaken
Use the checklist when completing your application for financial assistance for making redundancy payments.
This guidance is for approved Intermediaries applying for a DRO.
Guidance for debt advisers who need to create and submit a DRO application.
This guidance deals with the circumstances in which the Registrar of Companies may dissolve a company
Guidance on property which falls outside the bankruptcy estate and dealing with claims that property is excluded.
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