Insolvent Defendants (September 2005, Simon Edwards)

Articles24th November 2005

This article was originally published in Kemp News on 9th September 2005.

“Every so often, a claimant is faced with a defendant, corporate or personal, that is insolvent.  Insolvency, now, takes many different forms: in the corporate field, compulsory and voluntary liquidation, administration, receivership and company voluntary arrangement; at the end of a liquidation, a company is dissolved and a company can also be dissolved for failing to file its returns; in the individual field, there is bankruptcy and individual voluntary arrangement.  The consequences for a claimant in a personal injury case are not always the same…”