Corporate insolvency
Financial distress or formal insolvency affecting a company, including circumstances that may lead to administration, liquidation, a CVA or another restructuring process.
Related terms
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Insolvency proceedings
Formal legal processes connected with insolvency, including bankruptcy, liquidation, administration and other statutory procedures.
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Corporate Insolvency and Governance Act 2020
UK legislation that introduced and changed corporate restructuring and insolvency tools, including the standalone moratorium and restructuring plan framework.
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Insolvency
A financial state in which a person or business cannot meet debts as required, or a company meets another statutory insolvency test. It is not the same thing as liquidation.
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