56.1 Introduction

This chapter provides details of the alternative formal procedures available to a company (and in the case of administration a partnership) in financial difficulty or where it wishes to wind up its affairs. It is divided into parts as follows:

Part 1 - Administration (paragraphs 56.2 to 56.74).

Annex 1 - Administration proceedings before the commencement of the Enterprise Act 2002.

Part 2 - Receivers and administrative receivers (paragraphs 56.75 to 56.132).

Part 3 - Voluntary liquidation (paragraphs 56.133 to 56.185).

Part 4 - Schemes of arrangement (paragraphs 56.186 to 56.204).

Part 5 - Company Voluntary Arrangements (paragraph 56.205 to 56.255).

The following abbreviations are used in this chapter

[On to Part 1 - Administration]