Insolvent liquidation: an outline

Considers the three main forms of winding‐up leading to the dissolution of a company: members′ voluntary winding‐up, creditors′voluntary winding up and compulsory winding up. Outlines liquidation procedures involved in these forms of winding‐up under the Insolvency Act 1986, including creditor′s petition, court hearing, collection and distribution of assets, liquidator′s duty to investigate and the final act of dissolving the company.