34:
299:
Chapter X - Malpractice before and during
Liquidation; Penalisation of companies and company officers; Investigations and prosecutions (ss 206-219). Section 213 lies within this part, and provides for individuals who are aware that business has been carried on with the intent to defraud the company's
51:
An Act to consolidate the enactments relating to company insolvency and winding up (including the winding up of companies that are not insolvent, and of unregistered companies); enactments relating to the insolvency and bankruptcy of individuals; and other enactments bearing on those two subject
168:, which came into effect on 1 April 2004 and introduced amongst other things the popular "out-of-court" administration route, and the allocation of a limited amount of funding released from assets, known as the "prescribed part", which could be made available to support ordinary
2744:
52:
matters, including the functions and qualification of insolvency practitioners, the public administration of insolvency, the penalisation and redress of malpractice and wrongdoing, and the avoidance of certain transactions at an undervalue
176:. This limit was initially £600,000, but it was increased to £800,000 by the Insolvency Act 1986 (Prescribed Part) (Amendment) Order 2020 (SI 211/2020) on 6 April 2020 to maintain the real value of the limit.
1037:
183:
and numerous
Regulations and other amending legislation since 1986, and also to the best practice which applies to the administration of formal insolvency matters set out in the
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201:, which provided a moratorium for companies that were likely to become insolvent and gave additional reliefs for businesses that were adversely impacted by the
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141:
that provides the legal platform for all matters relating to personal and corporate insolvency in the UK.
100:
416:(2008). A Practitioner's Guide to Corporate Restructuring. City & Financial Publishing, 1st edition
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585:
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562:
513:
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1113:
522:
134:
114:
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308:
Part VI - Miscellaneous
Provisions applying to Companies which are Insolvent or in Liquidation
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1538:
412:
Lyndon Norley, Kirkland & Ellis
International LLP and Joseph Swanson and Peter Marshall,
180:
46:
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604:
241:
451:
Explanatory
Memorandum to the Insolvency Act 1986 (Prescribed Part) (Amendment) Order 2020
8:
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393:
214:
165:
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169:
121:
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The
Insolvency Act 1986 followed the publication and most of the findings in the
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413:
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537:
as in force today (including any amendments) within the United
Kingdom, from
330:
Chapter II - Protection of
Bankrupt's Estate and Investigation of his Affairs
475:
248:
184:
82:
364:
Part XIII - Insolvency
Practitioners and their qualifications (ss 338-398)
609:
150:
2783:
266:
222:
373:
Part XVI - Provisions against debt avoidance (England and Wales Only)
339:
Chapter V - Effect of
Bankruptcy on certain rights, transactions etc.
361:
Part XII - Preferential debts in company and individual insolvency
300:
creditors to be called upon to contribute to the company’s assets.
554:
213:
The Insolvency Act 1986 essentially governs issues relating to
293:
Chapter VIII - Provisions of general application in winding up
269:
of Companies Registered Under the Companies Acts (ss 73-219)
275:
Chapter II - Voluntary Winding Up (Introductory and General)
194:
approved by the insolvency practitioner authorising bodies.
392:
Schedule B1, on the new administration procedure after the
284:
Chapter V - Provisions Applying to both kinds of Winding up
434:
Maximum prescribed part increased from £600,000 to 800,000
260:
Chapter III - Receivers Powers in Great Britain as a whole
315:
281:
Chapter IV - Creditors' Voluntary Winding Up (ss 97-106)
179:
Those considering the main Act should also refer to the
455:
Department for Business, Energy and Industrial Strategy
305:
Part V - Winding Up Unregistered Companies (ss 220-229)
296:
Chapter IX - Dissolution of companies after winding up
278:
Chapter III - Members' Voluntary Winding Up (ss 91-96)
254:
Chapter I - Receivers and Managers (England and Wales)
327:
Chapter I - Bankruptcy Petitions - Bankruptcy Orders
2859:
351:Part XI - Interpretation for second group of parts
348:Part X - Individual Insolvency: General Provisions
311:Part VII - Interpretation for first group of parts
221:and all administrative orders relating to company
287:Chapter VI - Winding Up by the Court (ss 117-162)
2926:
1573:Kingdom of Great Britain and Northern Ireland
570:
367:Part XIV - Public Administration (ss 399-410)
321:Part VIII - Individual Voluntary Arrangements
72:England and Wales; Scotland; Northern Ireland
2773:Church of England Assembly (Powers) Act 1919
550:Insolvency Practitioners Association website
199:Corporate Insolvency and Governance Act 2020
197:Further updates to the Act were made by the
2809:Measures of the National Assembly for Wales
406:
345:Chapter VII - Powers of Court in Bankruptcy
2833:Acts of the Parliament of Northern Ireland
577:
563:
523:Text of Act from insolvencyhelpline.co.uk
1571:Great Britain and Ireland and the United
355:
185:Statements of Insolvency Practice (SIPs)
164:Elements of the Act were updated by the
228:
2935:United Kingdom Acts of Parliament 1986
2927:
496:: CS1 maint: archived copy as title (
336:Chapter IV - Administration by Trustee
316:Insolvency of individuals – bankruptcy
2821:Acts of the Northern Ireland Assembly
558:
376:Part XVII - Miscellaneous and General
115:Text of statute as originally enacted
2940:Insolvency law of the United Kingdom
2892:United Kingdom statutory instruments
333:Chapter III - Trustees in Bankruptcy
153:, including the introduction of the
518:Office of Public Sector Information
13:
584:
122:Revised text of statute as amended
14:
2961:
507:
370:Part XV - Subordinate Legislation
324:Part IX - Bankruptcy (ss 264-371)
257:Chapter II - Receivers (Scotland)
219:Individual Voluntary Arrangements
2950:Bankruptcy in the United Kingdom
342:Chapter VI - Bankruptcy Offences
155:Individual Voluntary Arrangement
139:Parliament of the United Kingdom
39:Parliament of the United Kingdom
32:
2793:Acts of the Scottish Parliament
535:Text of the Insolvency Act 1986
2897:Scottish statutory instruments
464:
443:
426:
236:Company Voluntary Arrangements
1:
2914:Church of England instruments
593:Pre-parliamentary legislation
159:Company Voluntary Arrangement
624:the Kingdom of Great Britain
514:Original text of the statute
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101:Landlord and Tenant Act 1709
7:
382:Part XIX - Final Provisions
379:Part XVIII - Interpretation
208:
10:
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2945:United Kingdom company law
545:Insolvency Service website
144:
18:United Kingdom legislation
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1536:
1252:Acts of Parliament of the
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1231:
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592:
461:, accessed 23 August 2023
440:, accessed 23 August 2023
290:Chapter VII - Liquidators
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113:
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66:
56:
45:
31:
26:
1569:of the United Kingdom of
1255:Kingdom of Great Britain
600:List of English statutes
457:in conjunction with the
400:
68:Territorial extent
1038:Interregnum (1642–1660)
528:22 January 2009 at the
272:Chapter I - Preliminary
1232:Parliament of Scotland
2884:Secondary legislation
1539:Parliament of Ireland
631:Parliament of England
356:Miscellaneous matters
190:10 March 2014 at the
181:Insolvency Rules 1986
2805:Acts of Senedd Cymru
2736:European Communities
605:Charter of Liberties
516:as published by the
229:Companies winding up
2710:Halsbury's Statutes
622:of states preceding
620:Acts of parliaments
394:Enterprise Act 2002
215:personal bankruptcy
170:unsecured creditors
166:Enterprise Act 2002
131:Insolvency Act 1986
23:
22:Insolvency Act 1986
2716:Legislation.gov.uk
1567:Acts of Parliament
539:legislation.gov.uk
459:Insolvency Service
453:, prepared by the
161:(CVA) procedures.
21:
2922:
2921:
2907:Acts of Adjournal
2878:
2877:
2870:1972–2009/2015–16
2843:Orders in Council
2759:Church of England
2753:
2752:
1247:
1246:
1114:Habeas Corpus Act
1025:Petition of Right
422:978-1-905121-31-1
203:COVID-19 pandemic
174:secured creditors
127:
126:
92:Other legislation
27:Act of Parliament
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2902:Acts of Sederunt
2862:Northern Ireland
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2730:relating to the
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474:. Archived from
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3:
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2209:
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2176:
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2171:
2169:
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2159:
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2149:
2146:
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2126:
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2119:
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2033:
2031:
2028:
2026:
2023:
2021:
2018:
2016:
2013:
2011:
2008:
2006:
2003:
2001:
1998:
1996:
1993:
1991:
1988:
1986:
1983:
1981:
1978:
1976:
1973:
1971:
1968:
1966:
1963:
1961:
1958:
1956:
1953:
1951:
1948:
1946:
1943:
1941:
1938:
1936:
1933:
1931:
1928:
1926:
1923:
1921:
1918:
1916:
1913:
1911:
1908:
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1898:
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1199:
1196:
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1189:
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1159:
1156:
1154:
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1137:
1134:
1132:
1129:
1127:
1124:
1122:
1119:
1115:
1112:
1111:
1110:
1107:
1105:
1102:
1100:
1097:
1095:
1092:
1090:
1087:
1085:
1082:
1080:
1077:
1075:
1072:
1070:
1067:
1065:
1062:
1060:
1057:
1055:
1052:
1050:
1047:
1045:
1042:
1040:
1039:
1035:
1033:
1030:
1026:
1023:
1022:
1021:
1018:
1016:
1013:
1011:
1008:
1006:
1003:
1001:
998:
996:
993:
991:
988:
986:
983:
981:
978:
976:
973:
971:
968:
966:
963:
961:
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948:
946:
943:
941:
938:
936:
933:
931:
928:
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923:
921:
918:
916:
913:
911:
908:
906:
903:
901:
898:
896:
893:
891:
888:
886:
883:
881:
878:
876:
873:
871:
868:
866:
863:
861:
858:
856:
853:
851:
848:
846:
843:
841:
838:
836:
833:
831:
828:
826:
823:
821:
818:
816:
813:
811:
808:
806:
803:
801:
798:
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793:
791:
788:
786:
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778:
776:
773:
771:
768:
766:
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761:
758:
756:
753:
751:
748:
746:
743:
741:
738:
736:
733:
731:
728:
726:
723:
721:
718:
716:
713:
711:
708:
706:
703:
701:
698:
696:
693:
691:
688:
686:
683:
681:
678:
676:
673:
671:
668:
666:
663:
661:
658:
656:
655:
654:Temp. incert.
651:
649:
646:
644:
641:
639:
636:
635:
633:
629:
626:
621:
617:
611:
608:
606:
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601:
598:
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595:
591:
587:
580:
575:
573:
568:
566:
561:
560:
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543:
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536:
533:
531:
527:
524:
521:
519:
515:
512:
511:
499:
493:
477:
473:
467:
460:
456:
452:
446:
439:
438:Burges Salmon
435:
429:
423:
419:
415:
409:
405:
395:
391:
390:
381:
378:
375:
372:
369:
366:
363:
360:
359:
350:
347:
344:
341:
338:
335:
332:
329:
326:
323:
320:
319:
310:
307:
304:
298:
295:
292:
289:
286:
283:
280:
277:
274:
271:
270:
268:
264:
259:
256:
253:
252:
250:
246:
243:
239:
237:
233:
232:
226:
224:
220:
216:
206:
204:
200:
195:
193:
189:
186:
182:
177:
175:
171:
167:
162:
160:
156:
152:
142:
140:
136:
132:
123:
119:
116:
112:
105:
102:
99:
95:
90:
86:
84:
80:
75:
71:
65:
61:
59:
55:
50:
48:
44:
40:
30:
25:
16:
2851:1994 to date
2786:institutions
2745:1972 to date
2721:Short titles
2708:
1537:Acts of the
1036:
653:
480:. Retrieved
476:the original
466:
445:
437:
428:
408:
251:(ss 22-72H)
249:Receivership
212:
196:
178:
163:
148:
130:
128:
87:25 July 1986
83:Royal assent
15:
610:Magna Carta
482:14 November
432:Eaton, A.,
247:Part III -
151:Cork Report
2929:Categories
2734:(formerly
267:Winding Up
265:Part IV -
240:Part II -
223:insolvency
157:(IVA) and
62:1986 c. 45
47:Long title
1557:1751–1800
1552:1701–1750
1348:1760–1764
1343:1755–1759
1338:1750–1754
1333:1745–1749
1328:1740–1744
1323:1735–1739
1318:1730–1734
1313:1725–1729
1308:1720–1724
1303:1715–1719
680:1422–1460
675:1413–1421
670:1399–1411
665:1377–1397
660:1327–1376
648:1308–1325
643:1275–1307
638:1225–1267
387:Schedules
234:Part I -
172:ahead of
2784:devolved
2761:measures
526:Archived
492:cite web
209:Contents
188:Archived
58:Citation
1547:to 1700
1239:to 1707
145:History
137:of the
420:
244:Orders
97:Amends
401:Notes
77:Dates
2860:for
2826:List
2814:List
2807:and
2798:List
2768:List
2701:2024
2696:2023
2691:2022
2686:2021
2681:2020
2676:2019
2671:2018
2666:2017
2661:2016
2656:2015
2651:2014
2646:2013
2641:2012
2636:2011
2631:2010
2626:2009
2621:2008
2616:2007
2611:2006
2606:2005
2601:2004
2596:2003
2591:2002
2586:2001
2581:2000
2573:1999
2568:1998
2563:1997
2558:1996
2553:1995
2548:1994
2543:1993
2538:1992
2533:1991
2528:1990
2523:1989
2518:1988
2513:1987
2508:1986
2503:1985
2498:1984
2493:1983
2488:1982
2483:1981
2478:1980
2473:1979
2468:1978
2463:1977
2458:1976
2453:1975
2448:1974
2443:1973
2438:1972
2433:1971
2428:1970
2423:1969
2418:1968
2413:1967
2408:1966
2403:1965
2398:1964
2393:1963
2388:1962
2383:1961
2378:1960
2373:1959
2368:1958
2363:1957
2358:1956
2353:1955
2348:1954
2343:1953
2338:1952
2333:1951
2328:1950
2323:1949
2318:1948
2313:1947
2308:1946
2303:1945
2298:1944
2293:1943
2288:1942
2283:1941
2278:1940
2273:1939
2268:1938
2263:1937
2258:1936
2253:1935
2248:1934
2243:1933
2238:1932
2233:1931
2228:1930
2223:1929
2218:1928
2213:1927
2208:1926
2203:1925
2198:1924
2193:1923
2188:1922
2183:1921
2178:1920
2173:1919
2168:1918
2163:1917
2158:1916
2153:1915
2148:1914
2143:1913
2138:1912
2133:1911
2128:1910
2123:1909
2118:1908
2113:1907
2108:1906
2103:1905
2098:1904
2093:1903
2088:1902
2083:1901
2078:1900
2070:1899
2065:1898
2060:1897
2055:1896
2050:1895
2045:1894
2040:1893
2035:1892
2030:1891
2025:1890
2020:1889
2015:1888
2010:1887
2005:1886
2000:1885
1995:1884
1990:1883
1985:1882
1980:1881
1975:1880
1970:1879
1965:1878
1960:1877
1955:1876
1950:1875
1945:1874
1940:1873
1935:1872
1930:1871
1925:1870
1920:1869
1915:1868
1910:1867
1905:1866
1900:1865
1895:1864
1890:1863
1885:1862
1880:1861
1875:1860
1870:1859
1865:1858
1860:1857
1855:1856
1850:1855
1845:1854
1840:1853
1835:1852
1830:1851
1825:1850
1820:1849
1815:1848
1810:1847
1805:1846
1800:1845
1795:1844
1790:1843
1785:1842
1780:1841
1775:1840
1770:1839
1765:1838
1760:1837
1755:1836
1750:1835
1745:1834
1740:1833
1735:1832
1730:1831
1725:1830
1720:1829
1715:1828
1710:1827
1705:1826
1700:1825
1695:1824
1690:1823
1685:1822
1680:1821
1675:1820
1670:1819
1665:1818
1660:1817
1655:1816
1650:1815
1645:1814
1640:1813
1635:1812
1630:1811
1625:1810
1620:1809
1615:1808
1610:1807
1605:1806
1600:1805
1595:1804
1590:1803
1585:1802
1580:1801
1528:1800
1523:1799
1518:1798
1513:1797
1508:1796
1503:1795
1498:1794
1493:1793
1488:1792
1483:1791
1478:1790
1473:1789
1468:1788
1463:1787
1458:1786
1453:1785
1448:1784
1443:1783
1438:1782
1433:1781
1428:1780
1423:1779
1418:1778
1413:1777
1408:1776
1403:1775
1398:1774
1393:1773
1388:1772
1383:1771
1378:1770
1373:1769
1368:1768
1363:1767
1358:1766
1353:1765
1298:1714
1293:1713
1288:1712
1283:1711
1278:1710
1273:1709
1268:1708
1263:1707
1223:1706
1218:1705
1213:1704
1208:1703
1203:1702
1198:1701
1193:1700
1188:1698
1183:1697
1178:1696
1173:1695
1168:1694
1163:1693
1158:1692
1153:1691
1148:1690
1136:1689
1131:1688
1126:1685
1121:1680
1109:1679
1104:1678
1099:1677
1094:1675
1089:1672
1084:1670
1079:1667
1074:1666
1069:1665
1064:1664
1059:1663
1054:1662
1049:1661
1044:1660
1032:1640
1020:1627
1015:1625
1010:1623
1005:1620
1000:1609
995:1606
990:1605
985:1603
980:1601
975:1597
970:1592
965:1588
960:1586
955:1584
950:1580
945:1575
940:1572
935:1571
930:1566
925:1562
920:1558
915:1557
910:1555
905:1554
900:1553
895:1551
890:1549
885:1548
880:1547
875:1546
870:1545
865:1543
860:1542
855:1541
850:1540
845:1539
840:1536
835:1535
830:1534
825:1533
820:1532
815:1531
810:1530
805:1529
800:1523
795:1515
790:1514
785:1513
780:1512
775:1511
770:1509
765:1503
760:1496
755:1495
750:1491
745:1488
740:1487
735:1485
730:1483
725:1482
720:1477
715:1474
710:1472
705:1468
700:1467
695:1464
690:1463
685:1461
498:link
484:2013
418:ISBN
217:and
129:The
135:act
2931::
494:}}
490:{{
436:,
225:.
205:.
2738:)
578:e
571:t
564:v
541:.
500:)
486:.
396:.
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.