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Company and Partnership Insolvency (Volume 16 (2017), paras 1–568; Volume 17 (2017), paras 569–1286)

If it's not in Halsbury's then it's not the law.

Covering every proposition of the law of England and Wales, however niche, Halsbury's Laws provides all your legal answers in a single source.

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Company and Partnership Insolvency (Volume 16 (2017), paras 1–568; Volume 17 (2017), paras 569–1286)

If it's not in Halsbury's then it's not the law.

Covering every proposition of the law of England and Wales, however niche, Halsbury's Laws provides all your legal answers in a single source.

TAKE A FREE TRIAL

Company and Partnership Insolvency (Volume 16 (2017), paras 1–568; Volume 17 (2017), paras 569–1286)

1. Insolvency Proceedings; Introduction

5. Banks and credit institutions etc.

1. Insolvency procedures.

2. Application of the statutory provisions.

3. Disqualification of directors and persons instructing directors.

4. Companies subject to insolvency proceedings.

6. Courts having jurisdiction.

7. Meaning of 'connected persons' and 'associates'.

8. Crown application.

9. Insolvency proceedings involving participants in payment and securities settlement systems.

2. Insolvency Practitioners and Their Qualification

26. Determining compliance of professional liability insurance or guarantee.

10. Meaning of 'act as an insolvency practitioner'.

11. Holders of office to be qualified insolvency practitioners.

12. Offence of acting as an insolvency practitioner without qualification.

13. Competition and abuse of a dominant position.

14. Requisite qualification.

15. Recognised professional bodies.

16. Application for recognition as a recognised professional body.

17. Regulatory objectives.

18. Oversight of recognised professional bodies.

19. Financial penalties for recognised professional bodies.

20. Reprimand of recognised professional bodies.

21. Revocation of recognition.

22. Direct sanctions orders.

23. Power of Secretary of State to obtain information.

24. Compliance orders.

25. Requirements for security or caution.

27. Inspection and retention requirements in England and Wales.

28. Requirements to submit cover schedule to authorising authority.

29. Records to be maintained.

30. Inspection of records.

4. Company Voluntary Arrangements

73. Restrictions on enforcement and legal proceedings.

79. Prohibition on entering into market contracts etc.

111. Common requirements for considering proposals.

61. Proposals for voluntary arrangements.

62. Who may propose an arrangement; false representations.

63. Moratorium: overview.

64. Eligible companies.

65. Obtaining a moratorium.

66. The relevant documents.

67. Obligations to notify where moratorium comes into force.

68. Length of moratorium.

69. Effects of moratorium: introductory.

70. Contract or other instrument involving financial services.

71. Publicity about moratorium.

72. Restrictions on insolvency proceedings etc.

74. Floating charges.

75. Enforcement of security granted during moratorium.

76. Notification of insolvency proceedings.

77. Restrictions on obtaining credit.

78. Restrictions on grant of security etc.

80. Restrictions on payments of certain pre-moratorium debts.

81. Restrictions on disposal of property.

82. Restrictions on disposal of hire-purchase property.

83. Disposal of charged property free from charge.

84. Disposal of hire-purchase property.

85. The monitor.

86. Challenge to monitor's actions.

87. Challenges to monitor remuneration in insolvency proceedings.

88. Challenge to directors' actions.

89. Challenge brought by Board of the Pension Protection Fund.

90. Offence of fraud etc during or in anticipation of moratorium.

91. Offence of false representation etc to obtain a moratorium.

92. Prosecution of delinquent officers of company

93. Special rules for certain kinds of company etc.

94. Power to make provision in connection with pension schemes.

95. Void provisions in floating charge documents.

96. Regulations.

97. Functions of supervisor.

98. Challenge of decisions.

99. Proposals by directors, liquidators or administrators.

100. Preparation and contents of proposal.

101. Notice to intended nominee.

102. Statement of affairs.

103. Additional disclosure for assistance of nominee.

104. Nominee's report on the proposal.

105. Failure to submit report; replacement of nominee.

106. Consideration of proposal.

107. Preparation of proposal.

108. Consideration of proposal.

109. Notice of intended nominee, meeting and decision procedure.

110. Consideration in accordance with the Insolvency Rules.

112. Summoning of company meetings; proxies.

113. The chair at meetings.

114. Attendance by company officers.

115. Creditors' consideration by decision procedure.

116. Requisition of physical meeting by creditors.

117. Decisions and modifications of the proposal.

118. Members' voting rights.

119. Report of meetings and decision procedures.

120. Approval of arrangement.

121. Effect of approval.

122. Appointment of supervisor and transfer of assets.

123. Functions of supervisor.

124. Keeping of accounts and making of reports.

125. Grounds for challenge.

126. Who may apply and when.

127. Powers of the court concerning challenges.

128. Procedure following revocation or suspension.

129. Termination or full implementation of the arrangement.

130. Power to ensure continuation of essential supplies by utilities.

131. Further protection of essential supplies.

131A. Protection of supplies of goods and services

132. Fees and expenses.

133. Provision of information about time spent on a proposal or voluntary arrangement.

134. Conversion of voluntary arrangement into winding-up proceedings.

135. Proceedings in another member state: duty to give notice.

136. Prosecution of delinquent officers of company.

5. Administration

137. Nature of administration: the Insolvency Act 1986 and the Enterprise Act 2002.

231. Power to assign certain causes of action.

138. Appointment of administrators and administration orders.

139. Administrator's qualifications and status of company.

140. Purpose of administration.

284. Application for conversion into winding up.

141. Court's power to make administration order.

142. Applications for administration orders.

143. Witness statement in support of administration application.

144. Form of application.

145. Contents of application and witness statement in support.

146. Filing of application.

147. Notification and service of application.

148. Manner in which service to be effected.

149. Proof of service.

150. Interim moratorium.

151. Who may be represented at the hearing.

152. Powers of court on hearing administration application.

153. Effect of administrative receivership on administration application.

154. Power to appoint administrator.

155. Notice of intention to appoint.

156. Interim moratorium.

157. Notice of appointment.

158. Appointment taking place out of court business hours.

159. Commencement and notification of appointment.

160. Indemnity for invalid appointment.

161. Appointment of administrator by company or directors.

162. Notice of intention to appoint.

163. Filing notice of intention to appoint with the court.

164. Interim moratorium.

165. Making the appointment.

166. Notice of appointment.

167. Commencement and notification of appointment.

168. Indemnity for invalid appointment.

169. Grounds for resignation of administrator.

170. Notice of intention to resign.

171. Notice of resignation.

172. Removal of an administrator from office by the court.

173. Vacation of office on ceasing to be qualified.

174. Administrator deceased.

175. Discharge from liability.

176. Remuneration and expenses.

177. Administrator's duties on vacating office.

178. Filling of vacancy by holder of qualifying floating charge.

179. Filling of vacancy by company or directors.

180. Filling of vacancy by court on application.

181. Notification and advertisement of appointment of replacement administrator.

182. Substitution of administrator: competing floating charge-holder.

183. Substitution of administrator appointed by company or directors.

184. Joint and concurrent administrators.

185. Commission of offences by joint and concurrent administrators.

186. Dismissal or suspension of winding-up petitions.

187. Dismissal of administrative or other receiver.

188. Moratorium on legal proceedings.

189. Notification and advertisement of administrator's appointment.

190. Publicity in administration.

191. Administrator's duty to request statement of affairs.

192. Duty to provide statement of affairs and content of statement.

193. Release from duty to submit statement of affairs and extension of time.

194. Delivery of statement of affairs.

195. Statements of concurrence.

196. Filing of statements and restriction on disclosure.

197. Expenses of statement of affairs.

198. Statement of administrator's proposals.

199. Persons to whom statement of administrator's proposals must be sent.

200. Seeking decision from creditors.

201. Circumstances where decision of creditors' is not required.

202. Establishment of creditors' committees.

203. Consideration of administrator's proposals.

204. Failure to obtain approval of administrator's proposals.

205. Statement of revision of administrator's proposals.

206. Consideration of revisions and notification of creditors.

207. Failure to obtain approval of revised proposals.

208. Creditors' decision requested by creditors or court.

209. Establishment and constitution of creditors' committee.

210. Formalities of establishment.

211. Committee members' representatives.

212. Resignation, termination of membership and removal.

213. Vacancies.

214. Expenses of members.

215. Members' dealings with the company.

216. Functions and meetings of the committee.

217. The chair and quorum at meetings.

218. Procedure at meetings; resolutions otherwise than at a meeting.

219. Remote attendance at meetings of committee.

220. Information from administrator.

221. Conduct and venue of company meeting.

222. Reports to creditors.

223. Creditors' request for further information.

224. General powers and functions.

225. Company not to exercise management powers without consent.

226. Powers to get in the company's property and obtain information.

227. Adjustment of prior and other transactions.

228. Disqualification of directors: duty to report.

229. Power to ensure continuation of essential supplies by utilities.

230. Further protection of essential supplies.

232. Gazette notice of distributions.

233. Debts of insolvent company to rank equally.

234. Calculation and distribution of dividends.

235. Division of unsold assets.

236. Share of assets for unsecured creditors.

237. Proving a debt.

238. Costs of proving.

239. Administrator to allow inspection of proofs.

240. New administrator appointed.

241. Admission and rejection of proofs for dividend.

242. Appeal against decision on proof.

243. Withdrawal or variation of proof.

244. Exclusion of proof by the court.

245. Estimate of quantum.

246. Discounts.

247. Mutual credit and set-off.

248. Debt in foreign currency.

249. Payments of a periodical nature.

250. Interest.

251. Debt payable at future time.

252. Value of security.

253. Surrender for non-disclosure: secured creditor.

254. Redemption by administrator: secured creditor.

255. Test of security's value.

256. Realisation or surrender of security by creditor.

257. Notice of proposed distribution.

258. Admission or rejection of proofs.

259. Declaration of dividend.

260. Notice of declaration of a dividend.

261. Payments of dividends and related matters.

262. Notice of no dividend, or no further dividend.

263. Proof altered after payment of dividend.

264. Secured creditors altering value of security.

265. Disqualification from dividend.

266. Assignment of right to dividend.

267. Debt payable at future time.

268. Disposal of property subject to floating charge.

269. Disposal of property not subject to floating charge.

270. Disposal of hire-purchase property.

271. Protection for secured or preferential creditor.

272. Challenge to administrator's conduct of company.

273. Misfeasance.

274. Fraudulent or wrongful trading.

275. Automatic end of administration.

276. Notice of automatic end of administration.

277. Court application by administrator to end administration.

278. Application to court by administrator.

279. Termination of administration where objective achieved.

280. Creditor's application to end administration.

281. Public interest winding up.

282. Cessation of administration and replacement with creditors' voluntary liquidation.

283. Cessation of administration and replacement with dissolution.

285. Extension of administration by court order.

286. Extension of administration by consent.

287. Fixing of remuneration.

288. Application to court to fix basis.

289. Apportionment of set fee remuneration.

290. Recourse to decision of creditors.

291. Recourse to the court.

292. Creditors' claim that remuneration is or other expenses are excessive.

293. Priority of expenses.

294. Pre-administration costs.

Consultant Editor

STOP PRESS: Corporate Insolvency and Governance Act 2020

3. European Regulations on Insolvency Proceedings

31. European Regulations on Insolvency Proceedings.

32. Scope of regulation.

33. The opening of proceedings.

34. Coordination of main and secondary proceedings.

35. Opening of secondary proceedings.

36. Stay of the process of realisation of assets.

37. Closing of secondary proceedings.

38. Preservation measures.

39. Provision of information for creditors; lodgement of claims.

40. Evidencing and publicising the appointment of a liquidator or insolvency practitioner.

41. The liquidator's or insolvency practitioner's duties and powers.

42. The liquidators' role in coordinating main, territorial and secondary proceedings.

43. The insolvency practitioners' role in coordinating main, territorial and secondary proceedings.

44. Co-operation and communication between courts in main, territorial and secondary proceedings.

45. Co-operation and communication between insolvency practitioners and courts in main, territorial and secondary proceedings.

46. Insolvency proceedings of members of a group of companies.

47. Law applicable.

48. In general.

49. Creditors' and third parties' rights in rem.

50. Creditors' right to set-off.

51. Rights based on reservation of title.

52. Contracts relating to immovable property.

53. Payment systems and financial markets.

54. Contracts of employment.

55. Rights subject to registration.

56. EU patents and trade marks.

57. Third-party purchasers.

58. Effects of insolvency proceedings on lawsuits pending.

59. Principle and effects of recognition.

60. Insolvency registers.

8. Winding Up by the Court

398. Settling and form of order.

463. Formerly authorised banks.

469. Appointment of liquidator by the court.

496. Power to assign certain causes of action.

348. Courts with winding-up jurisdiction.

349. High Court.

350. County Court.

351. Proceedings in wrong court.

352. Officers of the court.

353. When a court has jurisdiction.

354. Grounds for winding up by the court.

355. Non-commencement or suspension of business.

356. Inability to pay debts.

357. The statutory demand.

358. Winding-up of SE or SCE.

359. Meaning of 'just and equitable'; link with partnership law.

360. Meaning of 'just and equitable'; other cases.

361. Presenting the petition; who may petition.

361A. Temporary restriction on winding-up petitions

362. Who may petition as creditor.

363. Who may not petition.

364. Effect of voluntary winding up on creditors.

365. Petition by contributory.

366. Effect of voluntary winding up on contributory.

367. Shareholder in arrear with calls.

368. Fully paid shareholder.

369. Petition by official receiver.

370. Petition presented by person other than contributory or office-holder.

371. Presentation and filing of petition.

372. Service of petition.

373. Notice of petition.

374. Contents of notice.

375. Certificate of compliance.

376. Persons entitled to copy of petition.

377. Verification of petition and witness statements in opposition to petition.

378. Permission to withdraw petition.

379. Petition by a contributory or relevant office-holder.

380. Presentation and service of petition.

381. Hearing of petition.

382. Admissibility of hearsay evidence.

383. Notice of intention to appear.

384. List of persons appearing.

385. Stay of proceedings etc.

386. Deposit payable on presentation of petition.

387. Security for costs.

388. Hearing of petition.

389. Court's powers on hearing petition.

390. Adjournment of petition.

391. Substitution of petitioner.

392. Wishes of creditors and contributories.

393. Winding up company without available assets.

394. Costs in general.

395. Costs of two petitions.

396. Dismissal of the petition.

397. Notice of order to official receiver.

399. Delivery and notice of order.

400. Notification of liquidation.

401. Operation of winding-up order; rescission of order.

402. Commencement of winding up by the court.

403. Effect of winding-up order.

404. Provisional liquidator before winding-up order.

405. Application for appointment of provisional liquidator.

406. Deposit payable by applicant.

407. Contents of order and notice of appointment.

408. Security to be provided by an insolvency practitioner appointed as provisional liquidator.

409. Remuneration of provisional liquidator.

410. Termination of appointment.

411. Application for appointment of special manager.

412. Powers and remuneration of special manager and contents of order.

413. Security to be provided by special manager.

414. Accounting by special manager.

415. Termination of appointment of special manager.

416. Appointment of official receiver.

417. Functions and status of official receiver.

418. Power to contract out official receiver's functions.

419. Contracted out functions of official receiver.

420. Deputy official receiver and staff.

421. Persons entitled to act on official receiver's behalf.

422. Receiver in debenture holders' claim.

423. Official receiver as liquidator.

424. Style of official receiver as liquidator.

425. Duties where person other than official receiver appointed liquidator.

426. Investigation by official receiver.

427. Duty of persons to co-operate with official receiver.

428. Official receiver's powers to inquire into company's affairs.

429. Duties of official receiver relating to disqualification of unfit directors of insolvent companies.

430. Exercise of functions of liquidation committee.

431. Power to apply for early dissolution.

432. Official receiver's duties as to statement of affairs.

433. Submission, verification and filing of statement of affairs.

434. Who must submit and verify statement of affairs.

435. Time for submitting or dispensing with statement of affairs.

436. Expenses of statement of affairs.

437. Submission of accounts.

438. Further disclosure.

439. Penalties.

440. Reports by official receiver.

441. Release or variation of duties to report by the court.

442. Further information where winding up follows administration.

443. Effect of stay of winding-up proceedings.

444. Duties in relation to choosing liquidator.

445. Choice of liquidator by creditors and contributories.

446. Duty if no liquidator is appointed by creditors or contributories.

447. Accounts, books and handling of money received.

448. Handover of assets to liquidator.

449. Application for public examination of officers.

450. Request by creditors or contributories for public examination.

451. Order for public examination.

452. Notice of hearing.

453. Persons entitled to participate in public examination.

454. Failure to attend public examination.

455. Examinee unfit for examination.

456. Procedure at public examination.

457. Adjournment of public examination.

458. Expenses of examination.

459. Official receiver's remuneration as liquidator.

460. Official receiver's expenses.

461. Official receiver's liability for costs.

462. Rules and regulations and appointment of officers.

464. Surveillance of winding up.

465. Duties in relation to the Insolvency Services Account and investment of funds.

466. Different kinds of liquidators.

467. Liquidator to be insolvency practitioner.

468. Appointment by creditors or contributories.

470. Appointment by Secretary of State.

471. Notice of appointment.

472. Appointment of two or more liquidators.

473. Corrupt inducement affecting appointment as liquidator.

474. Validity of liquidator's acts.

475. Liquidator's style.

476. Liquidator's status.

477. Fiduciary position of liquidator.

478. Liquidator's general functions.

479. Liquidator's general duty.

480. Enforcement of duty to make returns etc.

481. Control of liquidator by the court.

482. Control of liquidator by creditors etc.

483. Liquidator's possession of assets.

484. Collection and application of assets by the liquidator.

485. Vesting of company's property in liquidator.

486. Exchange of information.

487. Powers exercisable by liquidator.

488. Notice to liquidation committee of exercise of certain powers.

489. Control of liquidator by the court.

490. Litigation by liquidator.

491. Employment of solicitor by liquidator.

492. Power to ensure continuation of essential supplies by utilities.

493. Compromises and arrangements by liquidator.

494. Voluntary arrangements.

495. Assignment of lease.

497. Rules governing exercise of liquidator's powers.

498. Liquidator's remuneration.

499. Other matters affecting remuneration.

500. Recourse of liquidator to meeting of creditors and to the court.

501. Creditors' claim that remuneration is, or other expenses are, excessive.

502. Review of remuneration.

503. Remuneration of new liquidator.

504. Apportionment of set fee remuneration.

505. Limits of liquidator's rights.

506. Costs of outside litigation.

507. Liquidator's duty to keep financial records.

508. Provision of information by liquidator.

509. Liquidator carrying on business.

510. Retention and delivery of records.

511. Provision and audit of accounts.

512. Production and inspection of records.

513. Disposal of company's books, papers and other records.

514. Statements of position of liquidation.

515. Progress reports to creditors.

516. Creditors' request for further information.

517. Payments into Insolvency Services Account.

518. Payments of disbursements etc out of Insolvency Services Account.

519. Local bank account; handling of funds not belonging to the company.

520. Investment or otherwise handling of funds and payment of interest.

521. Payment of unclaimed dividends or other money on dissolution of company.

522. Claiming money paid into the Insolvency Services Account.

523. Resignation of liquidator.

524. Removal of liquidator.

525. Decision of creditors to remove liquidator.

526. Procedure on removal by creditors.

527. Removal of liquidator by the court.

528. Removal of liquidator by Secretary of State.

529. Vacancy in office of liquidator.

530. Loss of qualification as insolvency practitioner.

531. Death of liquidator.

532. Notice to official receiver of intention to vacate office.

533. Liquidator's duties on vacating office.

534. Release of liquidator on removal etc.

535. Release of official receiver as liquidator.

536. Release of provisional liquidator.

537. Duty of liquidator to make up final account.

538. Final account.

539. Effect of liquidator's release.

540. Liquidation committee.

541. Membership of committee.

542. Formalities of establishment.

543. Functions and meetings of the committee.

544. The chair and quorum at meetings.

545. Committee members' representatives.

546. Resignation, termination of membership and removal.

547. Filling up vacancies.

548. Voting rights and resolutions.

549. Resolutions by correspondence.

550. Remote attendance at meetings.

551. Liquidator's reports.

552. Expenses of members etc.

553. Dealings by committee members and others.

554. Cessation of committee when creditors paid in full.

555. Committee's functions vested in Secretary of State.

556. Continuation of creditors' committee.

557. Official receiver seeking nominations.

558. Procedures ordered by the court.

559. Requisitioned decisions.

560. Mode of summoning meetings.

561. The chair at meetings.

562. Quorum and attendance at meetings.

563. Rule against solicitation.

564. Decisions.

565. Suspension and adjournment of meetings.

566. Representation of corporations at meetings.

567. Admission and rejection of proof.

568. Additional requirements in winding up of authorised deposit-takers.

569. Assets in winding up.

570. Company's rights against insurers.

571. Non-vesting of assets in liquidator.

572. Delivery and seizure of assets and documents.

573. Unenforceability of liens.

574. Duty to co-operate with liquidator.

575. Inquiry into company's dealings.

576. Obtaining order for examination.

577. Order for examination.

578. Procedure for examination.

579. Record of examination.

580. Nomination and appointment of shorthand writers.

581. Failure to appear.

582. Orders for delivery of property or payment.

583. Costs of examination.

584. Liability for misfeasance.

585. Applications requiring leave of the court.

586. Who are officers.

587. Nature of misfeasance proceedings.

588. Misfeasance or breach of fiduciary or other duty.

589. Promoters.

590. Directors.

591. Auditors.

592. Liquidator, administrator and administrative receiver.

593. Set-off and limitation of claims.

594. Misfeasance claims as assets.

595. Costs against official receiver or liquidator.

596. Retrospective effect of winding-up order.

597. Transfer of shares.

598. Alteration of members' status.

599. Meaning of 'contributory'.

600. Members' liability to contribute.

601. Past members' liability to contribute; in general.

602. Past members' liability to contribute where company has been re-registered.

603. Minor's liability to contribute.

604. Married woman's liability to contribute.

605. Bankrupt's liability to contribute.

606. Death of a contributory.

607. Personal representatives' liability to contribute.

608. Trustees' liability to contribute.

609. Liability of past directors and shareholders to contribute.

610. Liability of contributories of companies registered but not formed under the Companies Act 2006.

611. Liability in case of limited company.

612. Contracts limiting liability of members under them.

613. Directors' unlimited liability.

614. Nature of contributory's liability.

615. Sums due to a member as such.

616. Court's power to settle list of contributories.

617. Liquidator's duty to settle list of contributories.

618. 'A' and 'B' lists of contributories.

619. Procedure for settling list.

620. Application to court for variation of the list.

621. Varying the list of contributories.

622. Court's power to rectify register of members and list of contributories.

623. Liquidator's power to rectify register.

624. Application for rectification of register.

625. Principles guiding the court.

626. Where rectification will be ordered.

627. Persons under disability.

628. Agreements to take shares etc.

629. When calls may be made.

630. Liquidator's power to make calls.

631. Making and enforcement of the call.

632. Balance order.

633. Shareholder's claim as creditor.

634. Set-off by contributory.

635. Set-off or retainer against insolvent estate.

636. Set-off against money due from contributory or director with unlimited liability.

637. Orders against contributories.

638. Order conclusive evidence.

639. Arrest of contributory and seizure of his books.

640. Liquidator's power of sale.

641. Conveyances or transfers on sale.

642. Documents exempt from stamp duty.

643. Power to carry on the business.

644. Liquidator carrying on business.

645. What debts are provable; meanings of 'debt' and 'liability'.

646. Pre-incorporation contracts.

647. Breach of contract in general.

648. Breach of contracts of service.

649. Pensions.

650. Indemnity.

651. Third parties' insurance rights.

652. Debentures.

653. Gratuitous payments.

654. Statute-barred debts.

655. Landlords' rights.

656. Guarantees; other claims.

657. What are assets.

658. Priority of Crown debts.

659. Preferential debts generally.

660. Contributions to occupational pension schemes.

661. Levies on coal and steel production.

662. Remuneration etc of employees.

663. Debts and deposits under Financial Services Compensation Scheme.

664. Subrogation of guarantor.

665. Payment of preferential debts.

665A. Moratorium: order of priority of payment of debts

666. Priority of secured debts.

667. Share of assets for unsecured creditors.

668. Notice of order disapplying the prescribed part.

669. Proof of preferential claims.

670. Meaning of 'prove'.

671. Limitation of time for proving.

672. Contents of proof.

673. Cost of proving.

674. Liquidator to allow inspection of proofs.

675. Admission and rejection of proofs for dividend.

676. Assignee of debt after proof.

677. Appeal against decision on proof.

678. Withdrawal or variation of proof.

679. Exclusion of proof by the court.

680. Estimate of quantum.

681. Security and negotiable instruments.

682. Trade and other discounts.

683. Mutual dealings and set-off.

684. Debt in foreign currency.

685. Payments of a periodical nature.

686. Proof for interest.

687. Debt payable at future time.

688. Position of secured creditors.

689. Proof by secured creditors.

690. Value of security.

691. Surrender for non-disclosure.

692. Redemption by liquidator.

693. Test of security's value.

694. How assets are to be applied.

695. Costs prior to winding up.

696. Claims begun before winding up.

697. Claims brought after winding up.

698. Realisation of assets subject to security.

699. Immediate payment of costs.

700. Priority of payments; expenses of the liquidation.

701. Winding up commencing as voluntary.

702. Payment of expenses of winding up; priority over property subject to floating charge.

703. Application of proceeds of office-holder claims.

704. Approval and authorisation.

705. Request for and grant of approval and authorisation.

706. Application to court by the liquidator.

707. Priority of debts.

708. Manner of distributing assets.

709. Division of unsold assets.

710. Notice of intended dividend.

711. Failure of creditor to prove before dividend declared.

712. Final admission or rejection of proofs.

713. Postponement or cancellation of dividend.

714. Decision to declare dividend.

715. Notice of declaration.

716. Proof altered after payment of dividend.

717. Secured creditors.

718. Assignment of right to dividend.

719. Preferential creditors.

720. Debt payable at future time.

721. Interest on debts.

722. Refusal by liquidator to pay dividend.

723. Final distribution.

724. Power to make over assets to employees.

725. Adjusting rights of contributories.

726. Distribution according to nominal capital.

727. Preference shareholders.

728. Shares allotted at a discount.

729. Bankrupt shareholder.

730. Money received in advance of calls.

731. Surplus after refunding paid-up capital.

732. Application to court for order authorising return.

733. Procedure for return.

734. Refunding by contributory.

735. Payments.

736. Unclaimed share.

737. In general.

738. Transaction at an undervalue.

739. Remedy in respect of a transaction at an undervalue.

740. Preference.

741. Remedy in respect of preference; requisite desire.

742. Presumed influence in the case of connected persons.

743. Acts pursuant to court orders.

744. The relevant time.

745. Orders which may be made.

746. Other remedies in respect of transactions at an undervalue and preferences.

747. In general.

748. Transactions defrauding creditors; requisite intention.

749. Who may apply.

750. Orders which may be made.

751. In general.

752. Extortionate credit transaction.

753. Orders with respect to extortionate credit transactions.

754. Other remedies.

755. In general.

756. Invalidity of floating charge.

757. The relevant time.

758. Payment at time of creation.

759. Goods or services supplied.

760. Disclaimer of onerous property.

761. Meaning of 'onerous property'.

762. Effect of disclaimer.

763. Liquidator's notice of disclaimer.

764. Communication of disclaimer to persons interested.

765. Records.

766. Application requiring the liquidator to decide whether or not to disclaim.

767. Disclaimer of leaseholds.

768. Order rescinding contract.

769. Orders vesting disclaimed property; in general.

770. Vesting of disclaimed property; leases.

771. Application for vesting order.

772. Rights of persons injured by disclaimer.

773. Property vesting in the Crown.

774. Disclaimer presumed valid and effective.

775. Restrictions on creditors' rights in general.

776. Restrictions on creditors' rights in relation to Scottish assets.

777. Enforcement officer's duties under execution.

778. Retention of proceeds after sale.

779. Assessment of enforcement officer's costs.

780. Power to stay or restrain proceedings.

781. Execution after commencement of winding up.

782. Recovery of rent.

783. Retention of possession after winding up.

784. Recovery of possession.

785. Distress for rates.

786. Proceedings against company after winding-up order.

787. Pending appeals.

788. When proceedings are allowed to continue.

789. Application for permission to commence or continue proceedings.

790. Proceedings outside the jurisdiction.

791. Transfer to winding-up judge.

792. Power to transfer winding-up proceedings.

793. Proceedings commenced in wrong court.

794. Proceedings following order for transfer.

795. Power to stay winding-up proceedings.

796. Exercise of power to stay winding-up proceedings.

797. Case stated by County Court.

798. Offences by officers in anticipation of winding up.

799. Misconduct in the course of winding up.

800. Falsification of books.

801. Transactions in fraud of creditors.

802. Material omissions from statement relating to company's affairs.

803. False representations to creditors.

804. Declaration of liability for fraudulent trading.

805. Further directions which may be made to give effect to declaration.

806. Penalty.

807. Declaration of liability for wrongful trading.

808. Further directions which may be made to give effect to the declaration.

809. Restriction on re-use of company names; meaning of 'prohibited name'.

810. Application for permission.

811. First excepted case.

812. Second excepted case.

813. Third excepted case.

814. Penalty.

815. Personal liability for debts, following contravention.

816. Disqualification of directors.

817. Reference to the Secretary of State.

818. Duty of liquidator to report to the official receiver.

819. Institution of prosecution and duty to assist.

820. Summary proceedings.

821. Offences by bodies corporate.

822. Legal professional privilege.

823. Early dissolution.

824. Consequence of notice of application for early dissolution.

825. Dissolution of the company.

826. Effect of dissolution.

827. Property of dissolved company as bona vacantia.

828. Effect of company's revival after dissolution on property as bona vacantia.

829. Disclaimer by the Crown.

830. New trustee and vesting order.

831. Application to court for restoration to the register.

832. Restoration by court of company with share warrants.

833. Dissolution by striking off the register.

6. Administrative Receivers

295. Introduction.

296. Interrelationship between administrative receivership and administration.

297. Floating charge holder not to appoint administrative receiver.

298. Exception to prohibition on appointment of administrative receiver in respect of capital markets.

299. Exception to prohibition on appointment of administrative receiver in respect of public-private partnerships.

300. Exception to prohibition on appointment of administrative receiver in respect of utilities.

301. Exception to prohibition on appointment of administrative receiver in respect of urban regeneration projects.

302. Exception to prohibition on appointment of administrative receiver in respect of project finance.

303. Exception to prohibition on appointment of administrative receiver in respect of financial markets.

304. Exception to prohibition on appointment of administrative receiver in respect of social landlords.

305. Exception to prohibition on appointment of administrative receiver in relation to protected railway companies etc.

306. Appointment of administrative receiver.

307. Administrative receiver to be an insolvency practitioner.

308. Validity of administrative receiver's acts.

309. Acceptance and confirmation of acceptance of appointment.

310. Notice and advertisement of appointment.

311. General powers.

312. Duty to give notice of appointment, to make returns, and to pay preferential debts.

313. Power to deal with charged property.

314. Power to ensure continuation of essential supplies by utilities.

315. Powers to get in company's property and obtain information.

316. Disqualification of directors; duty to report.

317. Administrative receiver's agency and liability for contracts.

318. Requirement for statement of affairs to be submitted to administrative receiver.

319. Notice requiring statement of affairs.

320. Form of statement of affairs; verification and filing.

321. Limited disclosure.

322. Release from duty to submit statement of affairs; extension of time.

323. Expenses of statement of affairs.

324. Report to creditors.

325. Creditors' committee.

326. Constitution of creditors' committee.

327. Formalities of establishment.

328. Functions and meetings of the committee.

329. The chair and quorum at meetings.

330. Committee members' representatives.

331. Resignation, termination of membership and removal.

332. Vacancies.

333. Procedure at meetings; resolutions by correspondence.

334. Remote attendance at meetings.

335. Information from administrative receiver.

336. Expenses of members.

337. Members' dealings with the company.

338. Summary of receipts and payments.

339. Vacation of office.

340. Resignation.

341. Death.

7. Winding Up in General

342. How a company may be extinguished.

343. Different kinds of winding up.

344. Application of statutory provisions.

345. Companies which may be wound up.

346. Co-operative and community benefit societies.

347. Provisions applicable generally in winding up; rights of member state liquidator.

9. Voluntary Winding Up

836. Statutory declaration of solvency.

834. Requisites for voluntary winding up.

835. Members' voluntary winding up and creditors' voluntary winding up.

837. Effect of insolvency in members' voluntary winding up.

838. Form of resolution for winding up.

839. Procedure on resolution for winding up and applications for confirmation.

840. Statement of affairs by directors or liquidator.

841. Statement of concurrence.

842. Expenses of statement of affairs.

843. Rules as to meetings and decision procedures.

844. Liquidator to be a qualified insolvency practitioner.

845. Appointment of liquidator in a members' voluntary winding up.

846. Appointment on conversion of members' to creditors' voluntary winding up.

847. Conversion to creditors' voluntary winding up: information to creditors and contributories.

848. Certificate of appointment; members' voluntary winding up.

849. Appointment of liquidator in a creditors' voluntary winding up.

850. Information to creditors and appointment of liquidator in a creditors' voluntary winding up.

851. Certificate of appointment; creditors' voluntary winding up.

852. No liquidator appointed or nominated by company.

853. Corrupt inducement affecting appointment.

854. Improper solicitation.

855. Filing notice of appointment.

856. Information to creditors and contributories.

857. Liquidator's powers.

858. Liquidator nominated by company in creditors' voluntary winding up.

859. Powers to get in the company's property; duty to co-operate with liquidator; inquiry into company's dealings; supplies of utilities.

860. Acceptance of shares etc as consideration for sale of company's property.

861. Adjustment of prior transactions; approval and authorisation of litigation expenses.

862. Power to assign certain causes of action.

863. Submission of accounts to liquidator.

864. Expenses of assistance in preparing accounts.

865. Liquidator's duties.

866. Fiduciary position of liquidator.

867. Powers where several liquidators.

868. Validity of liquidator's acts.

869. Summoning meetings.

870. Special manager.

871. Disclaimer.

872. Liquidator's remuneration.

873. Recourse of liquidator to the court.

874. Review of remuneration at request of liquidator.

875. Creditors' or members' claim that remuneration is excessive.

876. Remuneration of new liquidator.

877. Apportionment of set fee remuneration.

878. Solicitor's costs.

879. Liquidator's accounts.

880. Financial records.

881. Liquidator carrying on business.

882. Provision of accounts and audit.

883. Disposal of company's books, papers and other records.

884. Filling vacancies.

885. Appointment of liquidator by the court.

886. Procedure on appointment by the court.

887. Removal of liquidator by the court.

888. Removal of liquidator by the company and creditors.

889. Resignation of liquidator.

890. Liquidator deceased.

891. Loss of qualification as insolvency practitioner.

892. Vacation of office on making of winding-up order.

893. Liquidator's duties on vacating office.

894. Vacation of office on completion of liquidation.

895. Release of liquidator in a voluntary winding up.

896. Effect of release.

897. Appointment of liquidation committee.

898. Constitution and proceedings of the liquidation committee.

899. Commencement of voluntary winding up.

900. Consequences of voluntary winding up.

901. Transfer of shares.

902. Forfeiture of shares.

903. Proof of debts.

904. Application of rules as to proof of debts.

905. Security for costs.

906. Settling list of contributories.

907. Calls.

908. Progress reports; creditors' and members' requests for further information.

909. Half-yearly statements by liquidator.

910. How assets are to be applied.

911. Unclaimed or undistributed assets; investment of assets.

912. Liquidator to provide information to Secretary of State.

913. Powers of the court.

914. Misfeasance proceedings.

915. Power to stay or restrain proceedings.

916. Report to the Secretary of State.

917. Powers of investigation of the Secretary of State.

918. Liquidator's failure to report to the Secretary of State.

919. Duty to assist and institution of proceedings.

920. Offences, disqualification and personal liability of directors and others.

921. Copy of final account for members and creditors.

922. Final account before dissolution.

923. Dissolution.

924. Penalties.

925. Winding-up order after dissolution.

926. Winding up by the court.

10. Practice and Procedure in Insolvency Proceedings

927. Enforcement of court orders.

928. Orders enforcing compliance.

929. Warrants.

930. Appeals and reviews of court orders in corporate insolvency.

931. Procedure on appeal in general.

932. Appeal from winding-up order.

933. Appeal from official receiver.

934. Appeal from liquidator.

935. Appeal from Secretary of State.

936. Appeals from supervisor or administrator.

937. Seeking a decision from creditors or contributories.

938. The deemed consent procedure.

939. Types of decision procedure.

940. Requisition of decision.

941. Notice to creditors of decision procedure.

942. Notice by advertisement only.

943. Voting in a decision procedure.

944. Entitlement to vote in decision procedures.

945. Calculation of voting rights.

946. Voting and majorities.

947. Exclusion from meetings.

948. Record of proceedings.

949. Appeals against decisions of chair or convenor.

950. Meetings taking place on or after 6 April 2017 and resolutions by correspondence.

951. Final meetings taking place on or after 6 April 2017.

952. Quorum at meetings of creditors or contributories and representation of corporations.

953. Calling and conduct of company meeting.

954. Remote attendance at meetings; in general.

955. Excluded persons and their complaints.

956. Proxies.

957. Issue and use of forms.

958. Use of proxies at meetings.

959. Retention and inspection of proxies.

960. Proxy-holder with financial interest.

961. Representation of a corporation.

962. Rules and regulations; Insolvency Rules Committee.

963. Application of rules.

964. Application of Civil Procedure Rules and practice directions.

965. Regulations by Secretary of State.

966. Admissibility in evidence of statement of affairs.

967. Judicial notice of court documents.

968. Time limits.

969. Formal defects.

970. Requirement for writing and form of documents.

971. Identification details.

972. The Gazette; in general.

973. Contents of notices to be gazetted: 'standard contents'.

974. Notices advertised otherwise than in the Gazette: 'standard contents'.

975. Documents delivered to registrar of companies: 'standard contents'.

976. Standard contents of returns or reports delivered to registrar of companies.

977. Notices delivered to other persons: 'standard contents'.

978. 'Standard contents' of applications to court.

979. The court and the registrar.

980. Applications.

981. Filing and service of application.

982. Other hearings without notice.

983. Hearing of application and adjournment.

984. Right of audience.

985. Court file.

986. Office copies of documents.

987. Confidentiality of documents.

988. Right to copy documents.

989. Right to have list of creditors.

990. False claim of status as creditor etc.

991. Books and papers as evidence.

992. Witness statements; in general.

993. Filing and service of witness statements.

994. Swearing affidavits.

995. Use of reports.

996. Commission for receiving evidence.

997. Examination in Scotland.

998. Payment into court.

999. Further information and disclosure.

1000. Order for inspection of books and papers.

1001. General provisions as to service.

1002. Delivery of documents and opting out; in general.

1003. Proof of sending and authentication; office holders, etc.

1004. Electronic delivery in insolvency proceedings; in general.

1005. Electronic delivery by office-holders.

1006. Creditors' ability to opt out of receiving certain notices.

1007. Use of website to deliver a particular document.

1008. General use of website to deliver documents.

1009. Electronic delivery of insolvency proceedings to courts.

1010. Electronic delivery of notice to enforcement officers.

1011. Notice etc to joint office-holders.

1012. Notices where execution is overtaken by company's insolvency.

1013. Enforcement of company's filing obligations; application of filing obligations to overseas companies.

1014. Service of order staying concurrent proceedings and remedies.

1015. General principles.

1016. Requirement to assess costs by the detailed procedure.

1017. Procedure where detailed assessment required.

1018. Petitions presented by insolvent companies.

1019. Costs paid otherwise than out of the company's assets.

1020. Award of costs against official receiver or office-holder.

1021. Late application for costs.

1022. Costs and expenses of petitioners and officers.

1023. Final costs certificate.

1024. Persons who lack capacity to manage their affairs.

1025. Fees orders.

1026. Block transfer orders; in general.

1027. Action following application for a block transfer order.

11. Unregistered and Unincorporated Companies

1028. Meaning of 'unregistered company'.

1029. Application of winding-up provisions.

1030. Companies which may be wound up.

1031. Companies which may not be wound up.

1032. Grounds for winding up an unregistered company.

1033. When a company is deemed to be unable to pay its debts.

1034. Contributories in a winding up.

1035. Staying and restraining proceedings.

12. Companies Formed Outside England and Wales

1036. In general.

1037. Winding up.

1038. Inchoate foreign companies.

1039. Liquidation already commenced abroad.

1040. Bona vacantia.

1041. Application of insolvency law to foreign companies.

1042. Particulars to be delivered to the registrar; winding up.

1043. Particulars to be delivered to the registrar; insolvency proceedings etc.

1044. UK Economic Interest Groupings and European Economic Interest Groupings.

1045. European groupings of territorial co-operation.

13. Cross-border Insolvency

1046. Sources of law.

1047. Enactment.

1048. UNCITRAL model law to have force of law.

1049. Modification of British insolvency law.

1050. Co-operation between courts in Great Britain exercising jurisdiction in relation to cross border insolvency.

1051. Model law.

1052. Excluded proceedings.

1053. Settlement finality and financial collateral regulations.

1054. Third party insurance rights.

1055. Protection of proprietary interests.

1056. Jurisdiction and competent court.

1057. Authorisation of British insolvency office holders to act in a foreign state.

1058. Public policy and assistance under other laws.

1059. Right of direct access and limited jurisdiction.

1060. Standing to commence and participate in a proceeding under British insolvency law.

1061. Access of foreign creditors to a proceeding under British insolvency law.

1062. Notification to foreign creditors of a proceeding under British insolvency law.

1063. Application for recognition of a foreign proceeding.

1064. Decision to recognise a foreign proceeding.

1065. Main and non-main proceedings.

1066. Modification or termination of recognition.

1067. Subsequent information.

1068. Interim relief.

1069. Effects of recognition of a foreign main proceeding.

1070. Relief that may be granted upon recognition of a foreign proceeding.

1071. Protection of creditors and other interested persons.

1072. Actions to avoid acts detrimental to creditors.

1073. Intervention by a foreign representative in proceedings in Great Britain.

1074. Co-operation and direct communication between a court of Great Britain and foreign courts or foreign representatives.

1075. Co-operation and direct communication between the British insolvency officeholder and foreign courts or foreign representatives.

1076. Forms of co-operation.

1077. Commencement of a proceeding under British insolvency law after recognition of a foreign main proceeding.

1078. Coordination of a proceeding under British insolvency law and a foreign proceeding.

1079. Coordination of more than one foreign proceeding.

1080. Presumption of insolvency based on recognition of a foreign main proceeding.

1081. Rule of payment in concurrent proceedings.

1082. The recognition application and affidavit in support.

1083. The hearing and powers of court.

1084. Notification of subsequent information.

1085. Application for interim relief.

1086. Application for relief under article 21 of the UNCITRAL model law.

1087. Application for confirmation of status of replacement foreign representative.

1088. Review application.

1089. Orders on the court's own motion.

1090. Applications to the Chief Land Registrar.

1091. Misfeasance by foreign representatives.

1092. Meaning of 'principal application'.

1093. Form and contents of application.

1094. Filing and service of application.

1095. The hearing.

1096. Notification and advertisement of order.

1097. Principal court rules and practice to apply with modifications.

1098. Applications other than the principal applications.

1099. Use of affidavit evidence in non-principal applications.

1100. Transfer of proceedings.

1101. Shorthand writers.

1102. Enforcement procedures.

1103. Title of proceedings.

1104. Court records and inspection.

1105. File of court proceedings, right of inspection and copies of court orders.

1106. Filing of gazette notices and advertisements.

1107. Persons incapable of managing their affairs.

1108. Rights of audience and attendance.

1109. Formal defects.

1110. Restriction on concurrent proceedings and remedies.

1111. Affidavits.

1112. Security in court.

1113. Further information and disclosure.

1114. Office copies of documents.

1115. The court.

1116. Requirement to assess costs by the detailed procedure.

1117. Costs of officers charged with execution of writs or other process.

1118. Final costs certificate.

1119. Appeals from court orders.

1120. Notices and service; service by post.

1121. Service outside the jurisdiction.

1122. Forms.

1123. Time limits.

1124. False claim of status as creditor.

1125. Notices delivered to the registrar.

1126. Co-operation between courts exercising jurisdiction in relation to insolvency.

1127. Co-operation under the common law.

14. Insolvent Partnerships

1128. Insolvency procedures; application of statutory provisions.

1129. Interpretation; expressions appropriate to companies.

1130. Application of subordinate legislation and practice direction.

1131. Decisions of creditors in insolvency proceedings relating to partnership.

1132. Decisions of creditors in bankruptcy proceedings relating to members of partnership.

1133. Voluntary arrangement of insolvent partnership.

1134. Meaning of 'voluntary arrangement', 'the proposal', 'the nominee', and 'the supervisor'.

1135. Who may propose an arrangement.

1136. Moratorium.

1137. Moratorium: eligible insolvent partnerships.

1138. Moratorium: effect on creditors.

1139. Moratorium: disposal of charged property.

1140. Moratorium: effect of approval of voluntary arrangement.

1141. Moratorium: challenge of actions of officers of insolvent partnership.

1142. Moratorium: offences.

1143. Procedure where nominee is not the liquidator, administrator or trustee and there is no moratorium.

1144. Summoning of meetings.

1145. Decisions of the members of the partnership and its creditors.

1146. Approval of arrangement.

1147. Effect of approval.

1148. The supervisor.

1149. Control by the court.

1150. Appointment of supervisor by the court.

1151. Challenge of decisions.

1152. Powers of the court.

1153. False representations.

1154. Prosecution of delinquent officers of partnership.

1155. Voluntary arrangements of members of insolvent partnership.

1156. Administration in relation to insolvent partnerships.

1157. Appointment of administrators and administration orders.

1158. Administration applications.

1159. Effect of agricultural receivership on administration application.

1160. Appointment of administrator by holder of qualifying agricultural charge.

1161. Appointment of administrator by members of an insolvent partnership.

1162. Effect of administration: dismissal of agricultural or other receiver.

1163. Effect of administration: moratorium.

1164. Statement of affairs.

1165. Administrator's statement of proposals.

1166. Initial creditors' meeting.

1167. General powers of administrator.

1168. Administrator's power to make distributions.

1169. Administrator as agent.

1170. Protection for secured or preferential creditors.

1171. Challenge to administrator's conduct of partnership.

1172. Moving from administration to dissolution.

1173. Resignation of administrator.

1174. Administrator ceasing to be qualified.

1175. Supplying vacancy in office of administrator.

1176. Substitution of administrator: competing agricultural floating charge-holder.

1177. Substitution of administrator appointed by the members: creditors' meeting.

1178. Joint and concurrent administrators.

1179. Penalties.

1180. Application of statutory provisions.

1181. Meaning of 'unregistered company'.

1182. High Court and County Court jurisdiction.

1183. Winding up of insolvent partnerships as unregistered companies.

1184. Grounds for winding up insolvent partnerships as unregistered companies.

1185. Application of winding-up provisions.

1186. Petition by liquidator, administrator, trustee or supervisor to wind up insolvent partnership as unregistered company.

1187. Inability to pay debts; unpaid creditor for £750 or more.

1188. Inability to pay debts; debt remaining unsatisfied after action brought.

1189. Statement of affairs of insolvent partnership.

1190. Public examination of officers of insolvent partnerships.

1191. Getting in the partnership property.

1192. Liquidator's powers.

1193. Application of statutory provisions.

1194. Meaning of 'unregistered company'.

1195. Application of winding-up provisions.

1196. High Court and County Court jurisdiction.

1197. Winding up of insolvent partnerships as unregistered companies.

1198. Ground for winding up insolvent partnerships as unregistered companies.

1199. Inability to pay debts; unpaid creditor for £750 or more.

1200. Circumstances in which members of insolvent partnerships may be wound up or made bankrupt by the court.

1201. Meaning of 'inability to pay debts'.

1202. Applications to wind up insolvent partnership and to wind up or bankrupt insolvent member.

1203. Powers of court on hearing of petitions against insolvent partnership and members.

1204. Statements of affairs; insolvent partnerships; corporate members; individual members.

1205. Public examination of officers of insolvent partnerships.

1206. Functions and duty of the official receiver in relation to the office of responsible insolvency practitioner.

1207. Appointment of responsible insolvency practitioner by Secretary of State.

1208. Rules applicable to decision making by creditors.

1209. Appointment by the court following administration or voluntary arrangement.

1210. Liquidation committee; insolvent partnership and members.

1211. General functions of responsible insolvency practitioner.

1212. Final account.

1213. Power of court to stay proceedings.

1214. Supplementary powers of responsible insolvency practitioner.

1215. Removal etc of responsible insolvency practitioner or of provisional liquidator.

1216. Release of responsible insolvency practitioner or of provisional liquidator.

1217. Priority of expenses.

1218. Priority of debts in joint estate and in separate estate.

1219. Provisions generally applicable in distribution of joint and separate estates.

1220. Interest on debts.

1221. False representations to creditors.

1222. Appointment to office of the responsible insolvency practitioner or provisional liquidator.

1223. Conflicts of interest.

1224. Getting in the partnership property.

1225. Meaning of 'individual member's estate'.

1226. Individual member's home ceasing to form part of the estate.

1227. Individual member; restrictions on dispositions of property.

1228. Low value home: application for sale, possession or charge.

1229. Liquidator's powers.

1230. Liquidator's powers exercisable free from sanction.

1231. Application of statutory provisions.

1232. High Court and County Court jurisdiction.

1233. Winding up of insolvent partnerships as unregistered companies.

1234. Grounds for winding up insolvent partnerships as unregistered companies.

1235. Application of winding-up provisions.

1236. Who may present petition.

1237. Application of statutory provisions.

1238. High Court and County Court jurisdiction.

1239. Applications to wind up insolvent partnership and to wind up or bankrupt insolvent members.

1240. Powers of court on hearing of petitions against insolvent partnership and members.

1241. Winding up of insolvent partnerships as unregistered companies.

1242. Application of winding up provisions.

1243. Application of statutory provisions.

1244. Presentation of joint bankruptcy petition.

1245. Conditions to be satisfied in respect of members.

1246. Other preliminary conditions.

1247. Meaning of 'member's estate'.

1248. Bankrupt's home ceasing to form part of the estate.

1249. Restrictions on dispositions of property.

1250. Public examination of member.

1251. Power to appoint trustee; conflicts of interest.

1252. Appointment of trustee by Secretary of State.

1253. Removal of trustee; vacation of office.

1254. Release of trustee.

1255. Vacancy in office of trustee.

1256. Creditors' committee; functions and membership.

1257. General functions and powers of trustee.

1258. Obligation to surrender control to trustee.

1259. Low value home: application for sale, possession or charge.

1260. Priority of expenses.

1261. Priority of debts in joint estate and in separate estate.

1262. Provisions generally applicable in distribution of joint and separate estates.

1263. Interest on debts.

1264. Final account.

1265. Preferential debts; meaning of 'the relevant date'.

1266. Winding up of unregistered company which is a member of insolvent partnership being wound up.

1267. Deposit on petitions.

1268. Supplemental powers of court.

1269. Meaning of 'act as insolvency practitioner'.

1270. Forms.

1271. Application of the Company Directors Disqualification Act 1986.

1272. Duty of court to disqualify unfit officers of insolvent partnerships; application to court; disqualification undertakings; reporting provisions.

1273. Disqualification of officer on finding of unfitness.

1274. Matters for determining unfitness of officers of partnerships.

1275. Criminal penalties; offences by body corporate.

1276. Personal liability for company's debts.

1277. Application for leave under a disqualification order.

15. Limited Liability Partnerships

1278. Insolvency procedures; application of statutory provisions.

1279. Interpretation; expressions appropriate to companies.

1280. Application of subordinate legislation and practice direction.

1281. Voluntary arrangements of limited liability partnerships.

1282. Administration in relation to limited liability partnerships.

1283. Receivership in relation to limited liability partnerships.

1284. Winding up of limited liability partnerships.

1285. Other provisions applied to limited liability partnerships.

1286. Application of the Company Directors Disqualification Act 1986.