Navigate the key responsibilities and powers imparted to administrators, liquidators, and trustees. This topic provides a detailed practical framework essential for guiding office-holders through their legal duties and strategic decision-making processes in restructuring and insolvency cases.
The following Restructuring & Insolvency news provides comprehensive and up to date legal information on Restructuring & Insolvency weekly highlights—8 May 2025
Role, powers, functions and duties of a liquidatorThe role and function of a liquidatorA liquidator is the officer appointed when a company goes into...
What is a statutory declaration of solvency, and what happens if a false declaration of solvency is madeCoronavirus (COVID-19)This content is affected...
Bonds and notesThe terms ‘bonds’ and ‘notes’ are used interchangeably (and there is no legal difference between the terms), though notes tend to be...
Obtaining Official Copies from HM Land RegistryThis Practice Note provides guidance in obtaining official copies of the entries on the title of a...
Office-holder indemnities and securityWhy indemnities and security are requiredWhen an insolvency practitioner takes office they have a duty of care to creditors to act bona fide in their best interests.Depending on the circumstances of the case, an office-holder may find themselves trading a
A company previously dissolved after voluntary liquidation has be restored by court order. What steps should the liquidator take upon re-appointment? Would they need to invite creditors to claim, produce back dated annual reports for the period of dissolution, or seek a new indemnity from the
What are the grounds and procedure for removing a trustee in bankruptcy (trustee) from office? And if a trustee is removed from office, where do their fees and expenses stand in the order of priority?Removal of a trusteeThe trustee of a bankrupt's estate may be removed from office by an order of the
Block transfer orders—the law and practicePurposeThere are three circumstances which give rise to the need for a block transfer of office-holder appointments:•where an office-holder dies•upon the retirement of an office-holder from practice•where an office-holder is otherwise unable or unwilling to
0330 161 1234