What Is The Insolvency Act 1986?
Hudson Weir
OCTOBER 10, 2023
During receivership, a creditor – such as a bank or another financial institution – appoints a person to ‘receive’ the company’s assets, liquidate them and recoup the debt. This area of the Act also covers malpractice before and during liquidation, including matters relating to wrongful trading as well as misfeasance.
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