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This guidance is intended to assist insolvency practitioners by setting out the principal duties and actions required of the monitor.
It’s important that you keep up-to-date records of the income and expenditure connected with your company.
Housekeeping
How to apply for a licence to act as director, promote, form or manage a company if you are subject to UK director disqualification sanctions.
There are a number of ways for companies to recover from financial difficulty. Seek professional advice early to understand your options.
Dealing with Limited Liability Partnerships (LLP), including where an LLP is subject to a winding-up order
Guidance about the requirement for independent scrutiny of disposals of company assets in an administration.
Thomas Cook Group plc and certain subsidiaries (in Compulsory Liquidation) (the Companies) Creditor Information Sheet as at 11 April 2023.
Banking facilities for insolvency practitioners. This page links to the online application.
Directors must co-operate with any Insolvency Practitioner (IP) or Official Receiver (OR) appointed as 'office-holder' during a formal insolvency event.
If your company is in difficulty, it's important to maintain good mental health.
Land registry
Administrative records and files
Records
Remuneration and fees
Voluntary arrangements
Working together
The Adjudicators office
Guidance on who may be called before the court for a private examination and the procedures involved.
Dealing with antecedent recoveries other than preferences and transactions at undervalue.
Don’t include personal or financial information like your National Insurance number or credit card details.
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