Insolvency & Reconstruction Fact Sheets

This is a brief explanation of some of the terms you may come across in company insolvency proceedings. Please note that this glossary is for general guidance only.

This information sheet provides general information for unsecured creditors of companies in voluntary administration.

This information sheet provides general information for employees of companies in voluntary administration.

This information sheet provides general information for unsecured creditors of companies in liquidation.

This information sheet provides general information for employees of companies in liquidation.

This information sheet provides general information for unsecured creditors of companies in receivership.

This information sheet gives general information for shareholders on the three most common forms of external administration - liquidation, voluntary administration and receivership.

This information sheet provides general information on insolvency for directors whose companies are in financial difficulty, or are insolvent, and includes information on the most common forms of external administration.

This information sheet provides general information for unsecured creditors in a liquidation, voluntary administration or deed of company arrangement to help assess whether the external administrator is independent.

This information sheet gives general information for creditors on the approval of an external administrator's fees in a liquidation of an insolvent company, voluntary administration or deed of company arrangement.