INS1101 - Insolvency and Insolvency Practitioners

Introduction

The term insolvency is generally used to refer to

• bankruptcies
• sequestrations
• company liquidations
• administrative receiverships
• receiverships

and although not formally insolvent to

• administrations for companies and partnerships
• trust deeds
• voluntary arrangements for companies, partnerships and individuals.

This section of the Manual provides some basic information about insolvency and insolvency practitioners.

Some guidance may not apply in Northern Ireland.

Further guidance relating to Insolvency in HMRC can be found in Hidden Economy Guide HEG7200

If you find any error in this Manual tell your manager who will advise DMB, Process & Strategy in writing.