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Insolvency Practitioners Cornwall
Insolvency Practitioners Devon
Insolvency Practitioners Newport
Limited Companies
Creditors Voluntary Liquidations
What is a Creditors Voluntary Liquidation
Procedure
Section 98 of The Insolvency Act 1986
Professional Review Pre Liquidation
The Shareholders Meeting
The Creditors Meeting
Appointment of a Liquidator
R3 Guide to Creditors Voluntary Liquidation
Case Study - Phoenix Company
Phoenix Companies
Acquisition of Assets from a Failed Company
Re-Use of the Company Name
Section 216 of The Insolvency Act 1986
Case Study - Matter of TMC Transport Ltd
The three exceptions to Section 216
Case Study - Personal liability - Reuse of a Company's Name
Case Study - Reuse of a Company Name - Court Application
Liquidation fee guide
Member Voluntary Liquidations (MVL)
What is an Members Voluntary Liquidation
Procedure and Appointment of the Liquidator
After One Year
Professional Advice
Liquidator Costs
Possible Alternative Approaches to an MVL
Convert MVL to CVL
Capital Reduction
Winding up petitions & winding up orders
What is a winding up petition?
Review Pre Compulaory Liquidation
A Typical Review Report
Appointment of a Liquidator
Sections 127 and 284 of the Insolvency Act 1986
Phoenix Companies Following a Compulsory Liquidation
Re-Use of the Company Name
Acquisition of Assets by a Phoenix Company
R3 Guide to Compulsory Liquidation
Case Study - Compulsory Liquidation
What is a statutory demand or stat demand?
What is a winding up order?
Company Voluntary Arrangements (CVA)
Insolvency Act 1986 CVA Law
Section 1 Insolvency Act 1986
Section 1A Insolvency Act 1986
Section 2 Insolvency Act 1986
Section 3 Insolvency Act 1986
Section 4 Insolvency Act 1986
Section 4A Insolvency Act 1986
Section 5 Insolvency Act 1986
Section 6 Insolvency Act 1986
Section 6A Insolvency Act 1986
Section 7 Insolvency Act 1986
Section 7A Insolvency Act 1986
Section 7B Insolvency Act 1986
Schedule A1 to The Insolvency Act 1986
Paragraph 1 of Schedule A1
Paragraph 2 of Schedule A1
Paragraph 3 of Schedule A1
Paragraph 4 of Schedule A1
Paragraph 4A of Schedule A1
Paragraph 4B of Schedule A1
Paragraph 4C of Schedule A1
Paragraph 4D of Schedule A1
Paragraph 4E of Schedule A1
Paragraph 4F of Schedule A1
Paragraph 4G of Schedule A1
Paragraph 4H of Schedule A1
Paragraph 4I of Schedule A1
Paragraph 4J of Schedule A1
Paragraph 4K of Schedule A1
Paragraph 5 of Schedule A1
Paragraph 6 of Schedule A1
Paragraph 7 of Schedule A1
Paragraph 8 of Schedule A1
Paragraph 9 of Schedule A1
Paragraph 10 of Schedule A1
Paragraph 11 of Schedule A1
Paragraph 12 of Schedule A1
Paragraph 13 of Schedule A1
Paragraph 14 of Schedule A1
Paragraph 15 of Schedule A1
Paragraph 16 of Schedule A1
Paragraph 17 of Schedule A1
Paragraph 18 of Schedule A1
Paragraph 19 of Schedule A1
Paragraph 20 of Schedule A1
Paragraph 21 of Schedule A1
Paragraph 22 of Schedule A1
Paragraph 23 of Schedule A1
Paragraph 24 of Schedule A1
Paragraph 25 of Schedule A1
Paragraph 26 of Schedule A1
Paragraph 27 of Schedule A1
Paragraph 28 of Schedule A1
Paragraph 29 of Schedule A1
Paragraph 30 of Schedule A1
Paragraph 31 of Schedule A1
Paragraph 32 of Schedule A1
Paragraph 33 of Schedule A1
Paragraph 34 of Schedule A1
Paragraph 35 of Schedule A1
Paragraph 36 of Schedule A1
Paragraph 37 of Schedule A1
Paragraph 38 of Schedule A1
Paragraph 39 of Schedule A1
Paragraph 40 of Schedule A1
Paragraph 41 of Schedule A1
Paragraph 42 of Schedule A1
Paragraph 43 of Schedule A1
Paragraph 44 of Schedule A1
Paragraph 45 of Schedule A1
Insolvency Rules 1986 - Index to CVA Rules
Rule 1.1 Insolvency Rules 1986
Rule 1.2 Insolvency Rules 1986
Rule 1.3 Insolvency Rules 1986
Rule 1.4 Insolvency Rules 1986
Rule 1.5 Insolvency Rules 1986
Rule 1.6 Insolvency Rules 1986
Rule 1.7 Insolvency Rules 1986
Rule 1.8 Insolvency Rules 1986
Rule 1.9 Insolvency Rules 1986
Rule 1.10 Insolvency Rules 1986
Rule 1.11 Insolvency Rules 1986
Rule 1.12 Insolvency Rules 1986
Rule 1.13 Insolvency Rules 1986
Rule 1.14 Insolvency Rules 1986
Rule 1.15 Insolvency Rules 1986
Rule 1.16 Insolvency Rules 1986
Rule 1.17 Insolvency Rules 1986
Rule 1.17A Insolvency Rules 1986
Rule 1.18 Insolvency Rules 1986
Rule 1.19 Insolvency Rules 1986
Rule 1.20 Insolvency Rules 1986
Rule 1.21 Insolvency Rules 1986
Rule 1.22 Insolvency Rules 1986
Rule 1.22A Insolvency Rules 1986
Rule 1.23 Insolvency Rules 1986
Rule 1.24 Insolvency Rules 1986
Rule 1.25 Insolvency Rules 1986
Rule 1.26A Insolvency Rules 1986
Rule 1.27 Insolvency Rules 1986
Rule 1.28 Insolvency Rules 1986
Rule 1.29 Insolvency Rules 1986
Rule 1.30 Insolvency Rules 1986
Rule 1.31 Insolvency Rules 1986
Rule 1.32 Insolvency Rules 1986
Rule 1.33 Insolvency Rules 1986
Rule 1.34 Insolvency Rules 1986
Rule 1.35 Insolvency Rules 1986
Rule 1.36 Insolvency Rules 1986
Rule 1.37 Insolvency Rules 1986
Rule 1.38 Insolvency Rules 1986
Rule 1.39 Insolvency Rules 1986
Rule 1.40 Insolvency Rules 1986
Rule 1.41 Insolvency Rules 1986
Rule 1.42 Insolvency Rules 1986
Rule 1.43 Insolvency Rules 1986
Rule 1.44 Insolvency Rules 1986
Rule 1.45 Insolvency Rules 1986
Rule 1.46 Insolvency Rules 1986
Rule 1.47 Insolvency Rules 1986
Rule 1.48 Insolvency Rules 1986
Rule 1.49 Insolvency Rules 1986
Rule 1.50 Insolvency Rules 1986
Rule 1.51 Insolvency Rules 1986
Rule 1.52 Insolvency Rules 1986
Rule 1.53 Insolvency Rules 1986
Rule 1.54 Insolvency Rules 1986
Rule 1.55 Insolvency Rules 1986
Rule 1.56 Insolvency Rules 1986
Two types of Company Voluntary Arrangement
What are the Two Types of CVA
Why Two Types of CVA
Who can apply for a New Type CVA
Are there Different Rules for the Two Types
When Would I use an old type CVA
When Would I use an new Type CVA
The Older - but still useful type
The Limbo Period
Nominees Duties in a CVA proposal
What can the public learn when a CVA is proposed?
No freeze on creditor action - Directors Duties?
Who can propose a Section 1 type of CVA?
Insolvency Rules 1986 - Content of CVA Proposal
Impact of different types of CVA Proposal
CVA with a freeze on creditors - Index
Creditors are frozen by the Section 1A Company Voluntary Arrangement
CVA - Responsibility of directors in a Section 1A CVA
Section 1A Insolvency Act 1986 - Disclosure Requirements
Creditors not included in the CVA proposal
What does a Nominee of a Company Voluntary Arrangement have to do?
CVA Creditors Meeting - Section 1A Insolvency Act 1986
Voting Rights in a CVA under Section 1A Insolvency Act 1986
Supervisors Duties in a Section 1A CVA
A draft Company Voluntary Arrangement Proposal for you to look at
Draft example of a Company Voluntary Arrangement (CVA) Proposal
Costs of preparing and operating under a Company Voluntary Arrangement
Concluding the Company Voluntary Arrangement - The end is nigh!
Banks and other secured creditors in a Company Voluntary Arrangement
Landlords no longer protected from a Company Voluntary Arrangement
Petitioning Creditors
Company Voluntary Arrangements and Preferential Creditors - Definition
Benefits to unsecured Creditors in the newer type of CVA
Table of Differences Between Old and New Types CVA
Administration Order v CVA
Who can apply for a New Type CVA
Case Study - Old Type CVA
CVA Case Study - Re Sports Club
CVA Case Study - New Type
CCJ Enforcement Options
Charging Orders
Oral Examination
Garnishee Order Debt
Garnishee Bank Account
Bailiffs & Sheriffs
Administrations - Index & freezing creditors
What is an Administration
What are the Purposes of Administration
When would an Administration be Sought
Who can Apply for an Administration Order
Deadlocked directors & shareholders
How do the Banks get Involved
An Administrators Costs
Administation Fee Guide
The Administrator and His Powers
Administration Case Study Number 1
Administration Case Study Number 2
Financing an Administration
Pre-pack Administrations
Pre Pack Administrations & The Proposed New Rules
SIP 16
Administrative Receivers - The 15 September 2003 key date
Who can Appoint a Receiver
What is a Debenture
What is a Fixed Charge
What is a Floating Charge
A Receivers Powers and Duties
Can you Appoint a Receiver
The of end of Receivership - What Happens next
R3 Guide to Administrative Receiverships
Law of Property Act Receivers
Non LPA assets
What is a Law of Property Act Receiver
When Would an LPA Receiver be Appointed
Chatsworth Properties Ltd v Effiom
The Liability of the LPA Receiver
Receivers Appointed under an Agreement
Restriction on Appointment of Receivers Appointed under Fixed Charges
Directors Disqualification
Guidance to Liquidators
Company Directors Disqualification Act - Fit to act?
Company Directors Disqualification Act - Definition of unfit to act
Company Director's Disqualification Act 1986 - DTI Guidance Notes
Period of Disqualification under The CDDA 1986
Effect of Disqualification - Future employment by a company?
De-Facto (De Facto) Director - The definition
Shadow Director - The definition
Carecraft Orders & Disqualification undertakings
Costs of proceedings under The CDDA 1986
The disqualification process following The Insolvency Act 2000
Directors Disqualification Case Law
Directors Disqualification Law - Re Hickling - Duty of fairness
Directors Disqualification Case Law - Clear Allegations - Re Laing
Directors Disqualification case law - Wrongful trading Re Taylor
Disqualification Law - Rely on professionals -Douglas Constr'n
Disqualification Case Law - Hindsight principle -Re Living Images Ltd
Disqualification Case Law - More on hindsight - C U Fittings 1989
Disqualification - Notes on Incompetence or Lack of Probity
Insolvency Index to Don't Do this
Preferences & Disqualification
Transactions at an Undervalue
Wrongful Trading
Re-Use of Company Name
Fraudulent Trading
Misfeasance
Insolvency Law Library & Insolvency Legal Cases - Free interpretation
Preference Law in insolvency, liquidation and administration
Transactions at an Undervalue Insolvency Case Law
Wrongful Trading Insolvency Case Law - Section 214 IA 1986
Re-Use of Company Name Law - Insolvency law library
Fraudulent Trading Case Law - Section 213 of The Insolvency Act 1986
Misfeasance Law - Breach of duty - Section 212 IA 1986
Controlling the Liquidator
If you can't afford liquidators costs and fees
Employees
The Prescribed Part
The Definition of the Prescribed Part
The Circumstances in which the Prescribed Part Applies
Personal Guarantee Liabilities
Partnerships and Insolvency - Avoiding winding up and other petitions
What is a partnership?
Partnership Liquidations
How to wind up a Partnership
Partnership Voluntary Arrangements
PVA Proposal
Case Study
Individual Voluntary Arrangement Proposals for Partners
Case Study
Partnership Administration Orders
Powers of a Partnership Administrator under Schedule 1
Powers of a Partnership Administrator under Schedule B1
Court Appointed Receivers
Court Appointed Receivers and their powers
Duties of a Court Appointed Receiver
How Does A Court Appointed Receiver Get Paid?
Case Study 1 (No Receiver Needed)
Case Study 2 (Receiver Appointed)
The Insolvent Partnerships Order 1986
The Insolvent Partnerships Order 1994
Limited Liability Partnerships
Sole Traders
Layman's Guide
Your Business
Case Study - Insolvency and the sole trader Butcher
Case Study - Insolvency and the sole trader Baker
Case Study - The Insolvent Candlestick Maker
Personal Assets and Liabilities
Planning for the Future
A Plan A and Plan B for a sole trader facing cash pressures
Bankruptcy of a sole trader
Individual Voluntary Arrangements (IVA's) for a sole trader
Bankruptcy & IVA's - Index to Topics
Layman's Guide
Bankruptcy Fees Guide
Personal Administration Orders
Explanatory Leaflet on administration orders for individuals
Case Study for an individual owing less than £5,000
IVA Fee Guide
Individual Voluntary Arrangements - The different types of IVA
IVA Case Study Number 1 - Based on Monthly Payments
IVA Case Study Number 2 - Equity in the Matrimonial Home
IVA Case Study 3 - Based on receiving Lump Sum from a Relative
Voting Rules at an IVA creditors meeting
Information that must be Contained in an IVA proposal
Example of an Individual Voluntary Arrangement (IVA) Proposal
Bankruptcy - A guide to what happens to things that matter to you
Layman's Guide
Bankrupt? - The Implications of a Bankruptcy Order - The restrictions
Section 283 IA 1986 - The assets a bankrupt can keep
Section 308 of The Insolvency Act 1986 - Meaning of "reasonable value"
Procedure to obtain a Bankruptcy Order - What you need to do
Bankruptcy - The who what, when, how & why
Save your house before a bankruptcy
Determining Your Share of the Equity in the house and home
Is Your Share of the Equity reduced/increased
Transferring your equity interest to your Spouse
Bankruptcy Case Study Number 1 - Saving the matrimonial home
Bankruptcy Case Study 2 - Keep the home - No equity
Bankruptcy Case Study 3 - Saving the matrimonial home
Bankruptcy Case Study Number 4 regarding saving the matrimonial home
Bankruptcy Case Study Number 5 - More on saving the matrimonial home
Can I keep my car when I am made bankrupt?
The Law
Cars and bankruptcy - Case Study Number 1
Employment, Cars and bankruptcy - Case Study Number 2
Bankruptcy and the family car - Case Study Number 3
Excluding a car from being realised in an IVA
Can I keep my furniture if I am made bankrupt?
The Bankruptcy Law concerning furniture owned by bankrupts
How is furniture treated in a bankruptcy? - Case Study Number 1
Furniture and bankruptcy - Case Study Number 2
Furniture and bankruptcy - Case Study Number 3
What happens to the income from my job if I am made bankrupt?
Bankruptcy - Individuals employed on a PAYE basis
Sole Traders & bankruptcy - What happens to your income?
Persons who Trade under a Limited Company - The Bankrupty Rules
Bankruptcy Law and your job - Punitive or not?
Bankruptcy - Income and Expenditure treatment
The Law - Bankruptcy - Surplus Income - Income Payments Orders
Bankruptcy - Income and Expenditure Case Study Number 1
Bankruptcy - Income and Expenditure case study number 2
Bankruptcy - Income and Expenditure case study number 3
Protective Steps ahead of a bankruptcy
Bankruptcy - The Law concerning pre bankruptcy planning
Bankruptcy - Protective steps - My Home and business - Case Study
Bankruptcy - Protective steps - My business - case study 2
Alternative Options to bankruptcy
The Different Types of Individual Voluntary Arrangement (IVA)
Should I petition for my Bankruptcy?
Can I negotiate directly with my creditors?
Negotiation by Professionals
Insolvency and TV Advertisements
Banruptcy advice from Citizens Advice Bureaus
Profile
ISO 9002 holders since 1994
Investor in People since 1996
The European Quality Foundation Award 1995
Personnel
Ray Purnell
Suzi Purnell
Chris Parkman
Leigh Holmes
Lisa Alford
Nicola Beacham
Judy Necrews
Naomi Hood
Pauline Parsons
Eileen Yhnell
Jodie Stephens
Christine McDougall
Kerry Lycett
Alessandro Sidoli
Carrie McCreadie
Job Opportunities
Qualifications of our team
Associated I.P. Firms
Why Choose Purnells?
Purnells Advertising
JIEB Examinations 2004
JIEB Examinations 2007
Site Map
Links to third parties
Index to the Articles for the Business Cornwall Magazine
Article 1 - Third Party Debt Orders
Third Party Debt Order Over a Bank Account
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