COM112020 - Pursuit: enforcement: insolvency

The term insolvency is used to describe

• A company liquidation (Word 30KB) 
• An administrative receivership (Word 27KB) (known in Scotland as a receivership)

Although not technically insolvent the term insolvency is also used to describe cases involving

• An administration order
• A company Voluntary Arrangement (VA) (Word 27KB) 

It is also possible for a company to cease trading but not be made insolvent. When this happens the company becomes defunct and is struck off the companies register at Companies House.

For more detailed information and instruction about insolvencies and striking off see the Insolvency Manual.