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Overview of Key Insolvency Regimes

 
Alex Wheeler Assistant Solicitor in the Corporate Recovery Group of Berwin Leighton Paisner provides a brief introduction to insolvency
 
This article is the first in a series covering corporate insolvency topics for the tax practitioner. It describes the different types of insolvency procedure under English law and explaining commonly used terms. It also looks briefly at the duties of office holders in insolvency procedures and also explains the order of distribution of assets in a liquidation.
 
By way of introduction to the jargon that will be used throughout the articles I will provide a brief description of the different types of insolvency procedure under English law and an explanation of commonly used terms.
Enterprise Act 2002
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