Insolvency Act 1986

Insolvency Act 1986

The Insolvency Act 1986 (1986 c. 45) is the statutory legislation that provides the legal platform for all matters relating to personal and corporate insolvency in the UK. Elements of the act have been updated by the Enterprise Act 2002 which came into enforcement on April 1st 2004 and introduced amongst other things the popular "out-of-court" administration route.Lyndon Norley, Kirkland & Ellis International LLP and Joseph Swanson and Peter Marshall, Houlihan Lokey (2008). A Practitioner's Guide to Corporate Restructuring. City & Financial Publishing, 1st edition ISBN: 9781905121311]

The Insolvency Act 1986 essentially governs issues relating to personal bankruptcy and Individual Voluntary Arrangements and all administrative orders relating to company insolvency.

ee also

*Enterprise Act 2002

References

External links

* [http://www.opsi.gov.uk/acts/acts1986/pdf/ukpga_19860045_en.pdf Original text of the statute] as published by the Office of Public Sector Information
*UK-SLD|2519933


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