How to Put a Company Into Administration
- Podcast Location:
- Download it here [file size: 26.7 MB]
- Categories:
-
Company Law
Insolvency & Restructuring
Remedies & Enforcement
- CPD Points:
- Up to 1 point. details »
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- 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 serve as an introduction to the process of putting a company into administration. It will explain to listeners the grounds on which an administration order can be sought and by whom. It also aims to compare the out of court procedure used by creditors and directors with the court based route and the respective merits (or drawbacks) of each and when either may be appropriate.
- Outcomes:
- After completing the course you will:
- Understand what administration is all about;
- Understand the processes by which an administration order can be sought;
- Understand the respective grounds for seeking an order;
- Understand what a qualifying floating charge holder is;
- Understand the procedural requirements about service and filing the relevant documents.
- Level:
- General Interest
- Classification:
-
Practical Guide
Procedural
- Sources and References:
-
- Insolvency Act 1986 Sch B1 para 10 - 34;
- Insolvency Rules (SI 1986/1925) rr2.2 - 2.26;
- Insolvency Amendment Rules (Insolvency (Amendment) Rules (SI 2010/686);
- The Insolvent Partnerships Order (SI 1994/2421);
- The Insolvent Partnerships (Amendment) Order (SI 2005/1516);
- The Limited Liability Partnerships (Amendment) Regulations (SI 2005/1989);
- Re G-Tech Construction Limited [2007] BPIR 1275.
In this podcast James Sheedy addresses the necessary steps for putting a company into administration as part of enforcement proceedings against it. The podcast is both an introduction and a refresher for those who need it on what administration is all about, the appointment of administrators and we’ll examine the court based process to obtain an administration order.
Podcast added: 18/08/10
Podcast last reviewed: 2011-08-30
