29 relations: Accountancy Age, Administration (British football), Asset, Bankruptcy and Insolvency Act, Bankruptcy in the United States, Chapter 11, Title 11, United States Code, Citizens Advice, Cobra Beer, Common law, Companies' Creditors Arrangement Act, Coors Brewing Company, Creditor, Debt management plan, Debtor in possession, Debtor-in-possession financing, Enterprise Act 2002, Examinership, Floating charge, Going concern, Insolvency, Insolvency Act 1986, Insolvency practitioner, Law, Liquidation, Liquidator (law), Provisional liquidation, Receivership, Secured creditor, Secured loan.
Accountancy Age is a trade magazine for accountants and financial staff in the United Kingdom.
In the United Kingdom, football clubs sometimes choose to enter administration when they are unable to pay off outstanding debts.
In financial accounting, an asset is an economic resource.
The Bankruptcy and Insolvency Act ("BIA") (Loi sur la faillite et l’insolvabilité) is one of the statutes that regulates the law on bankruptcy and insolvency in Canada.
In the United States, bankruptcy is governed by federal law.
Chapter 11 is a chapter of Title 11, the United States Bankruptcy Code, which permits reorganization under the bankruptcy laws of the United States.
Citizens AdviceCitizens Advice is the operating name of The National Association of Citizens Advice Bureau which is the umbrella charity for a wider network of local advice centres.
Cobra Beer is a beer brand manufactured in the United Kingdom and India.
Common law (also known as judicial precedent or judge-made law, or case law) is that body of law derived from judicial decisions of courts and similar tribunals.
The ("CCAA") (Loi sur les arrangements avec les créanciers des compagnies) is a statute of the Parliament of Canada that allows insolvent corporations owing their creditors in excess of $5 million to restructure their business and financial affairs.
The Coors Brewing Company is a regional division of the world's third-largest brewing company, the Molson Coors Brewing Company.
A creditor is a party (for example, person, organization, company, or government) that has a claim on the services of a second party.
A debt management plan (DMP) is a formal agreement between a debtor and a creditor that addresses the terms of an outstanding debt.
A debtor in possession in United States bankruptcy law is a person or corporation who has filed a bankruptcy petition, but remains in possession of property upon which a creditor has a lien or similar security interest.
Debtor-in-possession financing or DIP financing is a special form of financing provided for companies in financial distress, typically during restructuring under corporate bankruptcy law (such as Chapter 11 bankruptcy in the US or CCAA in Canada).
The Enterprise Act 2002 is an Act of the Parliament of the United Kingdom which made major changes to UK competition law with respect to mergers and also changed the law governing insolvency bankruptcy.
Examinership is a process in Irish law whereby the protection of the Court is obtained to assist the survival of a company.
A floating charge is a security interest over a fund of changing assets (e.g. stocks) of a company or other artificial person.
Continuation of an entity as a going concern is presumed as the basis for financial reporting unless and until the entity’s liquidation becomes imminent.
Insolvency is the state of being unable to pay the money owed, by a person or company, on time; those in a state of insolvency are said to be insolvent.
The Insolvency Act 1986 is an Act of the Parliament of the United Kingdom that provides the legal platform for all matters relating to personal and corporate insolvency in the UK.
In the United Kingdom, only an authorised or licensed Insolvency Practitioner (usually abbreviated to IP) may be appointed in relation to formal insolvency procedures.
Law is a system of rules that are created and enforced through social or governmental institutions to regulate behavior.
In United Kingdom, Republic of Ireland and United States law and business, liquidation is the process by which a company is brought to an end.
In law, a liquidator is the officer appointed when a company goes into winding-up or liquidation who has responsibility for collecting in all of the assets under such circumstances of the company and settling all claims against the company before putting the company into dissolution.
Provisional liquidation is a process which exists as part of the corporate insolvency laws of a number of common law jurisdictions whereby after the lodging of a petition for the winding-up of a company by the court, but before the court hears and determines the petition, the court may appoint a liquidator on a "provisional" basis.
In law, receivership is a situation in which an institution or enterprise is held by a receiver—a person "placed in the custodial responsibility for the property of others, including tangible and intangible assets and rights"—especially in cases where a company cannot meet financial obligations or enters bankruptcy.
A secured creditor is a creditor with the benefit of a security interest over some or all of the assets of the debtor.
A secured loan, is a loan in which the borrower pledges some asset (e.g. a car or property) as collateral for the loan, which then becomes a secured debt owed to the creditor who gives the loan.
Administration (UK law), Administration (insolvency), Administration Order, Administration of an insolvent business, Administration order, Company Administrator, Voluntary administration, Went into administration.