- Podcast Location:
- Download it here [file size: 20.4 MB]
- Law Categories:
-
Insolvency
- CPD Points:
- One Point - details »
Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors and Barristers...
Regulated by the Solicitors Regulation Authority:
Listen and pass the test: Gain 1 accredited CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)
Regulated by the Bar Standards Board:
Listen and pass the test, gain ½ an accredited CPD point (30 minutes)
Listen only, gain ½ a CPD point (30 minutes)
- Cost:
- Standard rate: £25 - Corporate users will pay less.
- Length:
- 30 minutes of audio
(+ optional 5 minute accreditation test) - Streaming Audio:
- Yes Downloadable as MP3: Yes
- Contributor(s):
- Course Aims:
-
This podcast is aimed at providing beginner level practitioners an understanding of the process by which limited companies are placed into compulsory liquidation. It will explain the differences between a winding up of a company and other forms of insolvency process and set out the principles, practice and procedure involved in the winding up process. The podcast will also provide practitioners with guidance as to some common pitfalls to be avoided.
- Outcomes:
- After completing the course you will:
- Have learnt about the nature of a liquidation;
- Have learnt the differences between liquidation, administration, administrative receivership and bankruptcy;
- Have learnt who can petition for a winding up of a company;
- Have learnt the procedure for winding up a company;
- Have learnt some of the traps involved in the winding up procedure and how to avoid them.
- Accredited CPD Time:
- 30 minutes
- Level:
- Beginner
- Sources and References:
-
- Ince Hall Rolling Mills Co Ltd v Douglas Forge Co (1882) 8 QBD 179;
- Insolvency Act 1986, sections 121 to 127;
- Practice Note on the Hearing of Insolvency Proceedings [2005] BCC 456;
- Insolvency Rules 1986, Part 4, Chapter 3.
In this CPD podcast, we talk to Jessica Mance of Essex Court Chambers in relation to the winding up of insolvent companies. The podcast explains the nature of a liquidation and the features distinguishing it from other forms of insolvency procedure, including administration and administrative receivership. The procedure for petitioning to wind up a company is set out and a number of elephant traps to be avoided are identified and explained. In particular, the statutory demand procedure and the acceptable methods of serving a winding up petition are addressed. This legal podcast is suitable for those with limited experience of the winding-up procedure.