| 1 | A guide to forms in insolvency proceedings A list of standard forms for use in restructuring and insolvency proceedings in accordance with the Insolvency Act 1986 and the Insolvency Rules 1986 (SI 1986/1925). The forms relate to company voluntary arrangements, administration, administrative receivership, liquidation, individual voluntary arrangements, bankruptcy, insolvency court procedure and practice, and the insolvency of overseas companies with UK establishments. | Practice note: overview | Maintained |
| 2 | Administration An overview of the process of the administration of insolvent companies. Administration is designed as a process for the restructuring and rescue of insolvent companies, but which often leads to the sale of business and assets, in many cases on a going concern basis. | Practice note: overview | Maintained |
| 3 | Administration: a quick guide A quick guide to the process of company administration under the Insolvency Act 1986. | Practice note: overview | Maintained |
| 4 | Banking Act 2009: an overview An overview of the key provisions of the Banking Act 2009. The Banking Act was intended to improve the resilience of the UK financial systems, and support financial stability by strengthening depositor protection and providing mechanisms for dealing with banks in financial difficulties. For information on the development of the Banking Act, and the statutory instruments that have been made under the Act, see Legislative tracker: Banking Act 2009. | Practice note: overview | Maintained |
| 5 | Corporate insolvency: a guide An introduction to the aims of and background to corporate insolvency law, together with a brief overview of the various insolvency procedures available. This note also contains links to a multi-jurisdictional guide to restructuring and insolvency and a detailed note on US bankruptcy procedures. | Practice note: overview | Maintained |
| 6 | Corporate insolvency: the office-holder's investigatory powers An overview on the powers of an administrator, liquidator or receiver to obtain property or information regarding the insolvent company under sections 234, 235 and 236 of the Insolvency Act 1986. | Practice note: overview | Maintained |
| 7 | Corporate restructuring under the US Bankruptcy Code ... A note on the key features of Chapter 11 (reorganisation proceedings), section 363 (bankruptcy sales), and Chapter 15 (US recognition of foreign insolvency proceedings) of the US Bankruptcy Code. The note also addresses the recognition of US corporate insolvency procedures in the UK under the Cross-border Insolvency Regulations 2006 (SI 2006/1030). | Practice note: overview | Maintained |
| 8 | Limitation periods: an overview An overview of limitation periods. | Practice note: overview | Maintained |
| 9 | Overview of company insolvency procedures This note provides a summary of the various corporate insolvency procedures that may apply to a company in financial difficulties and summarises information in the following practice notes: Administration. Administrative receivership. Company voluntary arrangements (CVAs). Schemes of arrangement: role of the court. Liquidation. For each procedure, this note summarises in a table: Its purpose. Who may commence the procedure. How the procedure is commenced. Its effect. | Practice note: overview | Maintained |
| 10 | Pre-packs in administration: a quick guide Although not a new restructuring strategy, the use of pre-packaged sales in administrations, known as "pre-packs", is growing. This practice note is an introduction to the key issues surrounding the controversial use of pre-packs in administrations. | Practice note: overview | Maintained |
| 11 | Statement of Insolvency Practice (SIP) 16 toolkit This toolkit provides a brief introduction to Statement of Insolvency Practice (SIP) 16. It also groups the PLC resources that report on the implementation of SIP 16 and on other efforts by the government and the courts to regulate pre-packaged sales in administration. | Practice note: overview | Maintained |
| 12 | Valuation issues in restructurings: overview An introduction to the valuation issues that can arise in restructurings. The note considers the practical difficulties that arise when valuing a company or group in financial distress, the relevant valuation methods and provides case studies of how valuation issues have affected restructuring and insolvency assignments that have come before the courts. | Practice note: overview | Maintained |
| 13 | Administrative receivership An overview of administrative receivership. | Practice notes | Maintained |
| 14 | Administrators' remuneration, disbursements and expenses A guide to administrators' remuneration, disbursements and expenses. | Practice notes | Maintained |
| 15 | Amended Insolvency Rules 1986: administration A practice note on the amendments to rule 2 of the Insolvency Rules 1986 (administration) made by the Insolvency (Amendment) Rules 2010, with effect from 6 April 2010. For information on the amendments to the rules relating to the remuneration of administrators, see Practice note, Amended Insolvency Rules 1986: administrator's remuneration and expenses. | Practice notes | 06-Apr-2010 |
| 16 | Amended Insolvency Rules 1986: administrator's ... A note setting out the amendments to the Insolvency Rules 1986 (SI 1986/1925), in particular rule 2.67 relating to administration expenses and rules 2.106 to 2.109 relating to administrator's remuneration, implemented by the Insolvency (Amendment) Rules 2010 (SI 2010/686) (2010 Rules), with effect from 6 April 2010. This note also disucsses the creation of the administrator's ability to recover pre-appointment costs under the 2010 Rules. | Practice notes | Maintained |
| 17 | Amended Insolvency Rules 1986: transitional provisions The transitional provisions in schedule 4 of the Insolvency (Amendment) Rules 2010 (SI 2010/686) set out the detailed arrangements for the coming into force of the amendments to the Insolvency Rules 1986. | Practice notes | 06-Apr-2010 |
| 18 | Buying the business and assets of an insolvent company How to carry out an asset purchase or the purchase of a business as a going concern where the seller is in administration or administrative receivership. | Practice notes | Maintained |
| 19 | Corporate debt restructuring: step by step This note looks at the key stages involved in restructuring corporate debt. | Practice notes | Maintained |
| 20 | Corporate insolvency and losses: tax This practice note deals with the issue of using and preserving the losses of an insolvent company, both generally and in the contexts of a hive down of its assets and business, and of group relief. | Practice notes | Maintained |
| 21 | Corporate restructuring: debt equity swaps This note considers how debt equity swaps may be used in corporate restructuring. It examines the nature of debts and the different ways they can be structured. The note focuses on the approach of the company's bank or other creditors to debt equity swaps, as they usually drive the structure. | Practice notes | Maintained |
| 22 | Duty to co-operate with office-holder under section 235 of the ... A guide to the duty to co-operate with and give information to an office-holder of an insolvent company under section 235 of the Insolvency Act 1986. | Practice notes | Maintained |
| 23 | Getting in the company's property under section 234 of the ... A guide to the powers of an administrator, liquidator or receiver under section 234 of the Insolvency Act 1986 to obtain property or records of the insolvent company from third parties. | Practice notes | Maintained |
| 24 | How are assets distributed to creditors in corporate insolvency ... A practice note on how administrators and liquidators distribute asset realisations to creditors of insolvent companies and the priority of creditor claims. | Practice notes | Maintained |
| 25 | How can I protect my business from a debtor getting into ... A practice note on how to respond to the financial difficulties or insolvency of a company that owes you money, which considers how to press for payment from a distressed trading partner, key contractual issues and outlines the position of the unsecured creditor in an insolvency process. | Practice notes | Maintained |
| 26 | How directors can avoid making invalid out of court ... A practice note discussing the risks for directors of making invalid out of court administration appointments, following the decision of the High Court in Minmar (929) Ltd v Khalastchi and another [2011] EWHC 1159 (Ch). Please note: this practice note was written and published before the High Court gave judgment in National Westminster Bank plc v Msaada Group (a firm) and others [2011] EWHC 3423 (Ch) and Re Virtualpurple Professional Services Ltd [2011] EWHC 3487 (Ch). For more information about those decisions, see Legal update, Conflicting decisions on directors' out of court administration appointments (High Court). For a maintained resource about the appointment of administrators, see Practice note, How do I place a company into administration?. | Practice notes | 14-Nov-2011 |
| 27 | How do I place a company into administration? A practice note on the procedure for placing a company into administration under the Insolvency Act 1986. It covers the out of court appointment procedure by the company, its directors or the holder of a qualifying floating charge (QFCH), and the procedure for making an application to court for an administration order. This note also addresses the issue of invalid appointments. | Practice notes | Maintained |
| 28 | How to extend the term of an administration A guide to the ways in which an administrator can extend the term of an administration, with links to a suite of standard documents for use when applying to court for an order extending an administration. | Practice notes | Maintained |
| 29 | Inquiry into company's dealings under section 236 of the ... A guide to the powers of an administrator, liquidator or receiver under section 236 of the Insolvency Act 1986 to obtain information regarding the insolvent company or to require a person to attend a private examination in court. | Practice notes | Maintained |
| 30 | Practice direction on insolvency proceedings (February 2012) ... A guide to changes in insolvency practice and procedure brought about by Practice direction: Insolvency Proceedings, which came into force on 23 February 2012. The practice direction replaces Practice direction on insolvency proceedings [2007] BCC 842 and all other previous practice directions, practice statements and practice notes relating to insolvency proceedings. | Practice notes | Maintained |
| 31 | The Credit Institutions (Reorganisation and Winding Up) ... This note outlines the provisions of The Credit Institutions (Reorganisation and Winding Up) Regulations 2004 (SI 2004/1045), and considers them in the context of European Parliament and Council Directive 2001/24/EC on the reorganisation and winding up of credit institutions. | Practice notes | Maintained |
| 32 | The special resolution regime An overview of the special resolution regime (SRR) for systemically important firms set out in the Banking Act 2009. For an overview of the Banking Act 2009, see Practice note, Banking Act 2009: an overview. | Practice notes | Maintained |
| 33 | The statutory moratorium in administration A guide to the statutory moratorium against creditor action that applies to an insolvent company in administration, under Schedule B1 to the Insolvency Act 1986. | Practice notes | Maintained |