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A guide to insolvency terminology and procedure
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The demise of firms such as Lehmans, along with the rising number of corporate failures, means that we have seen insolvency shoot up the news agenda. But along with the reporting of high-profile cases, we have seen myths emerge about insolvency procedures and their potential impact on creditors and companies alike.
Insolvency in Brief sets out to clearly and simply define insolvency terms, and also seeks to dispel some of the myths around insolvency procedures such as ‘pre-packs’.
© 2010 PricewaterhouseCoopers. All rights reserved. "PricewaterhouseCoopers" and "PwC" refer to the network of member firms of PricewaterhouseCoopers International Limited (PwCIL). Each member firm is a separate legal entity and does not act as agent of PwCIL or any other member firm. PwCIL does not provide any services to clients. PwCIL is not responsible or liable for the acts or omissions of any of its member firms nor can it control the exercise of their professional judgment or bind them in any way. No member firm is responsible or liable for the acts or omissions of any other member firm nor can it control the exercise of another member firm's professional judgment or bind another member firm or PwCIL in any way.
Insolvency in brief
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