Podcast Location:
Sorry, this podcast has been removed as it is now out of date
Categories:
Company Law
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • a) £65+VAT for this CPDcast only
  • b) £299+VAT for unlimited access to all of our podcasts. details »
  • c) Discounts for multiple users - call +44 (0) 20 3377 3901 now to speak to our sales team
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast aims to examine the two types of liquidation, namely compulsory and voluntary liquidation. Compulsory liquidation is where the court makes an order for the company to be wound up, after receiving a petition from the appropriate person. Voluntary liquidation is instigated by the shareholders themselves when the company is either solvent or insolvent.

Outcomes:
After completing the course you will:
  • Understand the procedure for forcing a company in to compulsory liquidation Know the grounds on which a petition for a winding up order may be based;
  • Understand the role of the liquidator;
  • Know the two types of voluntary liquidation.
Level:
Beginner Difficulty: 1 of 5
Classification:
Introduction
Practical Guide
Sources and References:
  • Insolvency Act 1986;
  • The Legislative Reform (Insolvency) (Advertising Requirements) Order 2009 (SI 2009/0000));
  • Re Hewitt Brannan (Tools) Co Ltd [1990] B.C.C. 354;
  • Re a Company (No 0012209 of 1991) [1991] 1 WLR 351;
  • Cheyne Finance plc (in receivership) [2007] EWHC 2402 (Ch), 17 October 2007, ChD;
  • Managa Properties Limited v Louise Brittain [2009] EWHC 157 (Ch).

In this podcast Fiona Ball discusses liquidation, one of the procedures available when a company is insolvent or facing financial difficulties, under which the assets of the company are realised and distributed to the creditors.

Podcast last reviewed: 2011-07-25

This course has now been removed from the site. It is no longer suitable for CPD purposes as it contains information that is out of date or incorrect. For a list of our latest CPDcasts, please visit the library.

Related CPD Courses:

© CPDcast.com