Keyword Analysis & Research: s268 insolvency act 1986

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What are the changes to the Insolvency Act 1986?

Changes to legislation: There are currently no known outstanding effects for the Insolvency Act 1986, Section 268. 268 Definition of “inability to pay”, etc.; the statutory demand. (1) For the purposes of section 267 (2) (c), the debtor appears to be unable to pay a debt if, but only if, the debt is payable immediately and either—

What is statutory demand in personal insolvency?

Statutory demand under Insolvency Act 1986 (Pt IX, Chapter I, S.268 (1)) – debt payable at future date This is an initial stage in personal insolvency. The statutory demand is an important document and is deemed to have been served on the debtor on the date of the first appearance of the Gazette notice.

What are the provisions of the insolvency Tribunal?

(1) For the purposes of carrying out their functions in... 4. (1) Any investigation by the Tribunal shall be so conducted... 1. Provision for supplementing, in relation to the insolvency or winding... 2. (1) Provision for regulating the practice and procedure of any... 3. Provision requiring notice of any proceedings in connection with or... 4.

What is section 88 (1) of the Companies Act for voluntary winding up?

(1) In case of a voluntary winding up, the company... 88. Avoidance of share transfers, etc. after winding-up resolution. 89. Statutory declaration of solvency.

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