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Insolvency Act 1986 is up to date with all changes known to be in force on or before 30 August 2024. There are changes that may be brought into force at a future date.
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The First Group of Parts Company Insolvency; Companies Winding Up
Part I Company Voluntary Arrangements
Chapter II Receivers (Scotland)
CHAPTER IV PROHIBITION OF APPOINTMENT OF ADMINISTRATIVE RECEIVER
Part IV Winding Up of Companies Registered under the Companies Acts
Chapter II Voluntary Winding Up (Introductory and General)
Chapter V Provisions Applying to both kinds of Voluntary Winding Up
Chapter VI Winding Up by the Court
Chapter VIII Provisions of General Application in Winding Up
Part VI Miscellaneous Provisions Applying to Companies Which are Insolvent or in Liquidation
The Second Group of Parts Insolvency of Individuals; Bankruptcy
CHAPTER A1 Adjudicators: bankruptcy applications by debtors and bankruptcy orders
Chapter I Bankruptcy Petitions; Bankruptcy Orders
Chapter II Protection of Bankrupt’s Estate and Investigation of His Affairs
Chapter III Trustees in Bankruptcy
Chapter IV Administration by Trustee
Distribution of bankrupt’s estate
Chapter V Effect of Bankruptcy on Certain Rights Transacttions, Etc.
Part XII Preferential debts in Company and Individual Insolvency
Part XVI Provisions Against Debt Avoidance (England and Wales only)
Part XVII Miscellaneous and General
426. Co-operation between courts exercising jurisdiction in relation to insolvency.
426A. Disqualification from Parliament (England and Wales and Northern Ireland)
429. Disabilities on revocation of administration order against an individual.
433. Admissibility in evidence of statements of affairs, etc.
SCHEDULES
Moratorium where directors propose voluntary arrangement
Part II Obtaining a moratorium
Part III Effects of moratorium
Part V Consideration and implementation of voluntary arrangement
91.(1) Where the administrator was appointed by administration order, the...
92.Where the administrator was appointed under paragraph 14 the holder...
93.(1) Where the administrator was appointed under paragraph 22(1) by...
94.(1) Where the administrator was appointed under paragraph 22(2) the...
95.The court may replace an administrator on the application of...
96.Substitution of administrator: competing floating charge-holder
97.Substitution of administrator appointed by company or directors: creditors’ meeting
101.(1) This paragraph applies where two or more persons are...
102.(1) This paragraph applies where two or more persons are...
103.(1) Where a company is in administration, a person may...
108.(1) A period specified in paragraph 49(5), 50(1)(b) or 51(2)...
109.Where a period is extended under paragraph 107 or 108,...
113.Where property in Scotland is disposed of under paragraph 70...
114.In Scotland, where goods in the possession of a company...
115.(1) In Scotland, the administrator of a company may make,...
116.In Scotland, the administrator in making any payment in accordance...
Powers of Administrator or Administrative Receiver
3.Power to raise or borrow money and grant security therefor...
4.Power to appoint a solicitor or accountant or other professionally...
6.Power to refer to arbitration any question affecting the company....
7.Power to effect and maintain insurances in respect of the...
12.Power to do all such things (including the carrying out...
13.Power to make any payment which is necessary or incidental...
16.Power to transfer to subsidiaries of the company the whole...
18.Power to make any arrangement or compromise on behalf of...
20.Power to rank and claim in the bankruptcy, insolvency, sequestration...
22.Power to change the situation of the company’s registered office....
23.Power to do all other things incidental to the exercise...
Powers of a Scottish Receiver (Additional to Those Conferred on him by the Instrument of Charge)
3.Power to raise or borrow money and grant security therefor...
4.Power to appoint a solicitor or accountant or other professionally...
6.Power to refer to arbitration all questions affecting the company....
7.Power to effect and maintain insurances in respect of the...
12.Power to do all such things (including the carrying out...
13.Power to make any payment which is necessary or incidental...
16.Power to make any arrangement or compromise on behalf of...
19.Power to to transfer to subsidiaries of the company the...
20.Power to rank and claim in the bankruptcy, insolvency, sequestration...
22.Power to change the situation of the company’s registered office....
23.Power to do all other things incidental to the exercise...
EXCEPTIONS TO PROHIBITION ON APPOINTMENT OF ADMINISTRATIVE RECEIVER: SUPPLEMENTARY PROVISIONS
Orders in Course of Winding Up Pronounced in Vacation (Scotland)
Debt relief restrictions orders and undertakings
Powers of Trustee in Bankruptcy
Part I Powers Exercisable with Sanction
2.Power to bring, institute or defend any action or legal...
2A.Power to bring legal proceedings under section 339, 340 or...
5.Power, where any right, option or other power forms part...
6.Power to refer to arbitration, or compromise on such terms...
7.Power to make such compromise or other arrangement as may...
8.Power to make such compromise or other arrangement as ay...
The Categories of Preferential Debts
Category 4: Contributions to occupational pension schemes, etc.
Category 7: Deposits covered by Financial Services Compensation Scheme
Insolvency Practitioners Tribunal
Provisions Capable of Inclusion in Company Insolvency Rules
8.Provision with respect to the certification of any person as,...
9.The following provision with respect to meetings of a company’s...
10.(1) Provision as to the functions, membership and proceedings of...
11.Provision as to the manner in which any requirement that...
13.Provision with respect to the manner of the distribution of...
14.Provision which, with or without modifications, applies in relation to...
14A.Provision about the application of section 176A of this Act...
15.Provision as to the amount, or manner of determining the...
16.Provision with respect to the manner in which moneys received...
16A.Provision enabling the Secretary of State to set the rate...
17.Provision as to the fees, costs, charges and other expenses...
18.Provision as to the fees, costs, charges and other expenses...
19.Provision as to the fees, costs, charges and other expenses...
20.Provision requiring registrars and other officers of courts having jurisdiction...
21.Provision requiring a creditor, member or contributory, or such a...
22.Provision as to the manner in which public examinations under...
23.Provision imposing requirements with respect to— (a) the preparation and...
24.Provision requiring the person who is the supervisor of a...
26.Provision imposing requirements in connection with the carrying out of...
Provisions Capable of Inclusion in Individual Insolvency Rules
Register of debt relief orders and debt relief restrictions orders etc
Administration of individual insolvency
11.Provision with respect to the certification of the appointment of...
12.The following provision with respect to meetings of creditors—
13.Provision as to the functions, membership and proceedings of a...
14.Provision as to the manner in which any requirement that...
15.Provision as to the manner in which any requirement imposed...
18.Provision with respect to the manner of the distribution of...
19.Provision modifying the application of Parts VIII to XI of...
20.Provision as to the amount, or manner of determining the...
21.Provision with respect to the manner in which moneys received...
21A.Provision enabling the Secretary of State to set the rate...
22.Provision as to the fees, costs, charges and other expenses...
23.Provision as to the fees, costs, charges and other expenses...
24.Provision requiring registrars and other officers of courts having jurisdiction...
24A.Provision requiring adjudicators— (a) to keep files and other records...
24B.Provision requiring an adjudicator to make returns to the Secretary...
24C.Provision requiring official receivers— (a) to keep files and other...
24D.Provision requiring a person to whom notice is given under...
25.Provision requiring a creditor or a committee established under section...
26.Provision as to the manner in which public examinations under...
27.Provision imposing requirements with respect to— (a) the preparation and...
28.Provision requiring the person who is the supervisor of a...
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