Often a professional appointed to assist the Official Receiver, Liquidator or Trustee in Bankruptcy in […]
Glossary
Insolvency: Sole Trader
An individual carrying on business in their own right and not through a limited company. […]
Insolvency: Shadow Director
Someone upon whose instructions and decisions the de jure and/or de facto directors act. A […]
Insolvency: Secured Creditor
A Creditor who holds security over a person’s/company’s assets, e.g. a bank, or other financial […]
Insolvency: Reservation (or Retention) of Title
A clause used in a contract by a seller to retain legal title to the […]
Insolvency: Rescission
A procedure that cancels or rescinds a Winding Up Order. Similar to Annulment in a […]