Insolvency - A Beginner's Guide
- Podcast Location:
- Download it here [file size: 18.9 MB]
- Categories:
-
Insolvency & Restructuring
- 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 give a wide-ranging introduction to the procedures and consequences of English corporate insolvency proceedings. Liquidation, receivership and administration are defined and discussed in turn and consideration is made of the principal legislation relating to each procedure, as well as the procedural requirements and consequences of these practices. The general rules for the distribution of payments to creditors in insolvency is discussed, and there is discussion of Company Voluntary Arrangements and Schemes of Arrangement.
- Outcomes:
- After completing the course you will:
- Be aware the circumstances in which insolvency arises;
- Understand the meaning of liquidation, receivership and administration;
- Appreciate the particular procedural rules and practical consequences relating to liquidation, receivership and administration;
- Understand the means by which Company Voluntary Arrangements and Schemes of Arrangement are implemented.
- Level:
- Beginner
- Classification:
-
Introduction
Legal Principles
Practical Guide
- Sources and References:
-
- Law of Property Act 1925;
- Insolvency Act 1986;
- Insolvency Act 2000;
- Enterprise Act 2002;
- Companies Act 2006;
- EC Regulation on Insolvency Proceedings;
- UNCITRAL Model Law on Cross-Border Insolvency.
This podcast provides a thorough introduction to English corporate insolvency proceedings. It begins by giving a definition of insolvency before discussing in detail the different forms which insolvency procedures can take. Thus, liquidation, receivership and administration are considered in turn, with a focus on the various purposes, procedural requirements and practical consequences of each. The means by which payment is distributed to creditors following insolvency are also explained, as are the procedures and consequences of Company Voluntary Arrangements and Schemes of Arrangement.
Podcast last reviewed: 28/06/2010
Podcast last reviewed: 2011-06-28
