Which TWO of the following will end an administration period?
(1) After 12 months have elapsed since the administration commenced
(2) The success of the administration
(3) A court order granted following a special resolution of the members
(4) Agreement of the creditors
Section 122 Insolvency Act 1986 specifically provides a distinct ground for applying to have a company liquidated on the ground that it is just and equitable to do so.
Which of the following parties may petition to have a company compulsorily liquidated under that provision?
Section 122 Insolvency Act 1986 provides a number of distinct grounds for applying to have a company liquidated on a compulsory basis.
Which of the following is NOT a ground for the compulsory liquidation of a company under that provision?
The company’s board, creditors and the Secretary of State may petition for the liquidation on the ground of insolvency.
A declaration of solvency is required to commence which of the following?
Where a compulsory liquidation order has been granted, which of the following is true?
An administrator of a company has a number of powers that may or may not require the permission of the court to exercise.
Which of the following is a power that usually requires court approval to exercise?
Name three common effects of liquidations.