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This work provides a compendium of documents and materials relating to insurance company insolvency, including existing model legislation, digests of case law, and lists of state guaranty fund boards and commissioners. It also includes information on the costs of recent insolvencies and the status of current rehabilitations and liquidation procedures.
This book deals with the end-game for a business. No business entity lasts forever and anyone faced with the task of liquidating a business at the end of its run needs to know that a liquidation doesn't present an insurmountable problem. In fact, substantial value is often overlooked. This book explains the various options for liquidations and the pros and cons for each possibility. The book also can be used as a clear how-to guide for someone who wishes to undertake the job of a liquidator or trustee. From start to finish, the book lays out the steps and pitfalls in liquidations.
Loose and Griffiths on Liquidators (formerly titled Loose on Liquidators) is a guide to the UK's law relating to company liquidations and the important role of the liquidator in a winding up - their powers, duties, and relationship to creditors, members, receivers, and the court. The book provides invaluable specialist advice and essential time-saving reference materials. Now in its 8th edition, this definitive work on successful liquidations has been completely updated and expanded to include all the latest developments in UK liquidation practice and procedure. It includes new analysis of: BYV Corporate Trustee Services v Eurosail - the meaning of insolvency for the purposes of the winding up of an insolvent company * HMRC v Football League and Football Association - the football creditor rule which varies in particular circumstances under the standard order of payment of debts * Re Stanford International Bank - the center of main interests for the purposes of cross-border insolvency * Charambous v B & C Associates - the absence of a duty of care owed by an administrator to creditors in the absence of a special relationship. *** Contents include: Status of a Liquidator * Commencement of Voluntary Winding Up * The EC Regulation on Insolvency Proceedings * Compulsory Winding Up * Effects of Winding Up and Appointment of the Liquidator * Duties of the Liquidator * Powers of the Liquidator * Creditors * The Liquidation Committee and Meetings * Matters Arising in Winding Up * Payments of Debts * Rights and Liabilities of Members * Completion of Winding Up * Appendix 1: Checklists for Winding Up and Liquidation * Appendix 2: Precedent Letters with Statutory and Practice Forms * Appendix 3: Penalties.
This title is a user-friendly guide to the procedures involved in liquidating a company. It covers both voluntary and compulsory winding-up and considers the role of liquidators, the consequences of their work and the pitfalls they face.
Revised to reflect the changes since the Insolvency Act of 1986, this edition considers the developing law of wrongful trading together with directors' disqualification. Cases covered include Re Produce Marketing Consortium Ltd (wrongful trading) and Re M C Bacon (the law of preferences).