If you are a creditor of an insolvent company or a bankruptcy, Oliver Elliot can help you address your claim and concerns arising from the insolvency and the effect of Section 103 Of The Insolvency Act 1986.
What Is Section 103 Of The Insolvency Act 1986?
The effect of Liquidation on the powers of the Directors is to cause them to terminate.
Section 103 Of The Insolvency Act 1986 – Cessation Of Directors Powers
On the appointment of a liquidator, all the powers of the directors cease, except so far as the liquidation committee (or, if there is no such committee, the creditors) sanction their continuance.
What Next?
Expert Advice Is Just A Click Away
If you have any questions in relation to Section 103 Of The Insolvency Act 1986 then contact us as soon as possible for advice. Oliver Elliot offers a fresh approach to insolvency and the liquidation of a company by offering specialist advice and services across a wide range of insolvency procedures.
Our expertise is at your fingertips.
Disclaimer: Section 103 Of The Insolvency Act 1986
This page is not legal advice and is not to be relied upon as such. This article Section 103 Of The Insolvency Act 1986 is provided for information purposes only. You should take independent advice on the facts of your case. No liability is accepted for reliance upon this post.
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