Corporate Administrations and Rescue Procedures

Contents: The application for the Administration Order and its effect. The statutory moratorium. Procedure following the making of an Administration Order. Creditors Committees and Meetings. Powers, duties, status and liabilities of an Administrator. Third parties: contracts, retention of title, leases and set-off. Administration and its effect on officers and employees of the company. Statutory rights and remedies available to Administrators. The Administrator's task. Sale of administration assets. Voluntary arrangements. Protection of interests of creditors and members. Payments and distributions. Discharge and variation of office by an Administrator. Administrations and the financial markets. Taxation. Court practice and procedure. International aspects. New chapters include: introductory chapter explaining the place of administration in the current rescue culture; a chapter dealing with the new moratorium procedure introduced by the Insolvency Act; a chapter dealing with the position of insolvent partne