Insolvency atlas
Explore how the procedures connect. Choose a jurisdiction and a context, then follow a route into the detail. This is a map of information, not a recommendation for your situation.
England & Wales
Read the guide ↗Administration
How an administrator takes control, protects value and works towards a statutory objective.
England & Wales
Procedure purposes
Some procedures seek to rescue a company or restructure its debts. Others realise assets and bring its affairs to an end. A company can also be wound up while solvent.
Click a labelled route to see its introduction. The complete list below includes related routes and temporary protections. Their availability depends on the law and the circumstances.
Compare procedures →Procedures
England & Wales. Solvent closure, informal arrangements and temporary protections are identified in their guides.
AdministrationHow an administrator takes control, protects value and works towards a statutory objective.Company voluntary arrangementA supervised agreement that changes how a company deals with qualifying creditor debts.Compulsory liquidationA winding up ordered by a court, with a collective process for assets, claims and investigations.Creditors’ voluntary liquidationA company-led winding up in which a liquidator realises assets and deals collectively with creditor claims.Members’ voluntary liquidationA formal solvent winding up, with a declaration of solvency and an independent liquidator.Corporate moratoriumTemporary protection for an eligible company while its directors pursue a viable rescue.Partnerships and LLPsWhy the business structure determines the insolvency route and the treatment of partners’ own assets.ReceivershipUnderstand asset receivers, administrative receivers and why their powers are not interchangeable.Restructuring planA court-supervised compromise for a company facing financial difficulty, with a conditional power to bind dissenting classes.Scheme of arrangementA flexible Companies Act compromise requiring class approval and court sanction.Strike-off and dissolutionAn administrative company-closure route with eligibility rules, notice duties and creditor safeguards.