Skip to main content

Are you a creditor looking to recover your money?

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.

Find out how

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.

Please enable JavaScript in your browser to complete this form.
Name

By submitting this form you agree with the storage and handling of your data by Oliver Elliot. For more details, please read our Privacy Policy.

Opt in

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.

Recent Posts / View All Posts

Failure To Keep Company Records Does Not Shield A Director From The Liquidators’ Claims

Failure To Keep Company Records Does Not Shield A Director From The Liquidators’ Claims Or Keep Out ‘Prying Eyes’

| Company Records, Liquidation | No Comments
In the case of Thiel-Czerwinke & Anor v Crabb (Courtside Recycling Ltd, Re) EWHC 337 (Ch) the Liquidators showed that a failure to keep company records does not shield a…
Why Do We Liquidate Companies?

Why Do We Liquidate Companies?

| Liquidation | No Comments
Why do we liquidate companies? We liquidate companies so they can be closed down in a fair and organised way that minimises the risk of disputes arising. So long as…
Appointing An Insolvency Practitioner And The Perception Of Independence

Appointing An Insolvency Practitioner And The Perception Of Independence

| Liquidation | No Comments
Appointing an Insolvency Practitioner and the perception of independence cropped up as an issue last week when a creditor of a company that had gone into Administration asked if we…
Cessation of tax clearance in a Members Voluntary Liquidation

Cessation Of Tax Clearance In A Members Voluntary Liquidation

| Liquidation | No Comments
HMRC Tax Clearance In A Members Voluntary Liquidation Overview On 6 December 2023 cessation of tax clearance in a Members Voluntary Liquidation was set out in HMRC's Insolvency Guidance paper…