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

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 this legislation then Contact Us as soon as possible for advice. Our expertise is at your fingertips.


This page is not legal advice and should not be relied upon as such. This article is provided for information purposes only. You can Contact Us on the specific facts of your case to obtain relevant advice via a Free Initial Consultation.

This page contains public sector information licensed under the Open Government Licence v3.0.