".a comprehensive, well-structured guide for those dealing with insolvency and restructuring aspects on a regular basis." German-British Chamber of Industry & Commerce*
This manual examines the main formal processes involved in the world of corporate insolvency and restructuring such as liquidation, administration, receivership, company voluntary arrangements and schemes of arrangement.
The Fourth Edition covers:
- The Part 26A scheme of arrangement (or 'restructuring plan'), standalone moratorium and provisions for the protection of supplies introduced by the Corporate Insolvency and Governance Act 2020
- The regulations concerning disposals by an administrator to connected persons
- The Supreme Court decision in BTI 2014 LLC vSequana S.A. and others clarifying when directors have a duty to creditors rather than shareholders
- The legislative changes accompanying Brexit and other important developments in case law relating to cross-border matters
- The use of special managers in complex compulsory liquidations as seen in the cases of Carillion, British Steel and Thomas Cook
- The Pensions Schemes Act 2021 and its impact on the restructuring landscape
This is an indispensable reference source for experienced practitioners and offers junior professionals, company directors and company secretaries a valuable introduction to the subject.
*Review of a previous edition
This title is included in Bloomsbury Professional's Insolvency Law online service.

Chapter 1: What are insolvency and restructuring
Chapter 2: Who gets what?
Chapter 3: Liquidation
Chapter 4: Administration
Chapter 5: Antecedent transactions
Chapter 6: Position of directors
Chapter 7: CVAs and Schemes of Arrangement
Chapter 8: Secured creditors
Chapter 9: Other special types of creditor
Chapter 10: Restructuring
Chapter 11: Cross-border issues