Insolvency
121Individual Voluntary Arrangement — In the UK, Individual Voluntary Arrangements (IVAs) are a formal alternative for individuals wishing to avoid bankruptcy. The IVA was established by the Insolvency Act 1986 and constitutes a formal repayment proposal presented to a debtor s… …
122Wrongful trading — is a principle of UK insolvency law. It was introduced to enable contributions to be obtained for the benefit of creditors from those responsible for mismanagement of the insolvent company. The Insolvency Act 1986The principle of wrongful trading …
123centre of main interests — (COMI) European Union, International A term that describes the jurisdiction with which a person or company is most closely associated for the purposes of cross border insolvency proceedings. The term centre of main interests (COMI) is used in the …
124COMI — centre of main interests (COMI) European Union, International A term that describes the jurisdiction with which a person or company is most closely associated for the purposes of cross border insolvency proceedings. The term centre of main… …
125Administrative receivership — is a procedure in the United Kingdom [See sections 29(2) and 251 of the Insolvency Act 1986 and Article 5(1) of the Insolvency (Northern Ireland) Order 1989 for the definition of administrative receiver under the laws, respectively, of England… …
126Thielert — AG is a German engine development and manufacturing company. It is headquartered in Hamburg, with additional sites in Lichtenstein, Saxony and Altenburg, Thuringia. It is quoted on the Frankfurt Stock Exchange as a member of the SDAX. All… …
127Debt Relief Order — Chapter 4 of the Tribunals Courts and Enforcement Act 2007 introduced Debt Relief Orders as a new form of bankruptcy in the United Kingdom. A DRO will be a simplified, quicker and cheaper alternative to bankruptcy in the United Kingdom, suitable… …
128Civil Aspect of Bankruptcy — Civil Aspect of Bankruptcy † Catholic Encyclopedia ► Civil Aspect of Bankruptcy (See also MORAL ASPECT OF BANKRUPTCY.) Bankruptcy (La banqueroute; earlier English terms, bankruptship, bankrupture) in civil jurisprudence as well as …
