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Back to basics: Insolvency (part 2)

 
Continuing our series of basic informative articles and our insolvency series Philip Ridgway Barrister in the second of what has now become three articles discusses how insolvency law interacts with a tax adviser
 
Although the number of administrations is on the rise (there were 2 568 in the year ended 31 March 2006 as compared with 1 786 in the year ended 31 March 2005) more companies still go into liquidation than administration; in the year ended 31 March 2006 there were 15 351 liquidations (13 648 in 2005). What is more one of the exit routes from administration is a creditors' voluntary liquidation; the figures...

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