Insolvency Act 1986

Insolvency Act 1986

Parliament of the United Kingdom
Statute book chapter 1986 c 45
Territorial extent England and Wales; Scotland; Northern Ireland
Dates
Royal Assent 1986
Status: Current legislation
Text of statute as originally enacted

The Insolvency Act 1986 (c 45) is an Act of the Parliament of the United Kingdom that provides the legal platform for all matters relating to personal and corporate insolvency in the UK.

Contents

History

The Insolvency Act 1986 followed the publication and most of the findings in the Cork Report.

Elements of the Act have been updated by the Enterprise Act 2002 which came into enforcement on April 1, 2004 and introduced amongst other things the popular "out-of-court" administration route.[1]

Contents

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

Companies Winding Up

Insolvency of Individuals - Bankruptcy

Miscellaneous matters

Schedules

See also

Notes

  1. ^ 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

External links