Academic literature on the topic 'Insolvency administrator'
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Journal articles on the topic "Insolvency administrator"
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Sproge, Daiga. "The Debtor’s Property Selling in the Cross-Border Insolvency Proceedings." Economics and Culture 13, no. 1 (June 1, 2016): 76–87. http://dx.doi.org/10.1515/jec-2016-0010.
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Abstract The title of this research is “The debtor’s property selling in the cross-border insolvency proceedings”. The insolvency proceeding gets the cross-border status also in case, if a debtor is an owner of the property outside of the main interests’ centre, namely, in another country. Therefore, there are many problematic cases when insolvency administrator (also called insolvency practitioner) defines the real estate in this other country and has to make a decision concerning the methods of selling the real estate in accordance with the law of the Member State in which territory the insolvency proceedings have been started. At the same time, the administrator shall provide that the property is sold in particular with regard to procedures for the realization of assets defined in the legislation of that country, where such real estate has been located. The article’s aim is to give a view of the features of the sale of the property in the insolvency proceedings and to define the possible lack and improvements in the cross-border insolvency concerning the selling of a debtor’s property. The European Parliament and the Council of the European Union has adopted Regulation (EU) 2015/848 of 20 May 2015 on Insolvency proceedings, which shall apply from 26 June 2017, with some exceptions Despite the regulation of the cross-border insolvency has been improved, the procedure of the property disposal is still incomplete in the cross-border insolvency proceedings. Within the study the following research methods are applied: the analytical method, comparative method, sociological method and descriptive method. The predicted value of the research is theoretical and also practical. The research should be useful for the insolvency proceedings administrators, the companies and the banks, other experts involved in the cross-border insolvency proceedings, as well as for students to improve their theoretical knowledge about the cross-border insolvency.
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Vukelić, Mario. "Zakup i najam nekretnina i stečajni dužnik kao ugovaratelj." Zbornik Pravnog fakulteta Sveučilišta u Rijeci 38, no. 1 (2017): 631–46. http://dx.doi.org/10.30925/zpfsr.38.1.23.
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This paper analyses the legal consequences of initiating insolvency proceedings with respect to entering into, cancellation, termination or withdrawal from a Real Property Lease or Rent Agreement. The position of the insolvency debtor as tenant or lessee, and as landlord or lessor, as well as the right of the insolvency administrator to choose to continue with, to withdraw from, to cancel or terminate such agreements are discussed herein. The provisions of the Insolvency Act and other acts are taken into consideration, since such acts regulate real property lease and rent issues, and which refer to the contractor - insolvency debtor.
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Crhová, Zuzana, Zuzana Fišerová, and Marie Paseková. "Corporate Insolvency Proceedings: A Case of Visegrad Four." Acta Universitatis Agriculturae et Silviculturae Mendelianae Brunensis 64, no. 1 (2016): 235–43. http://dx.doi.org/10.11118/actaun201664010235.
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Insolvency proceeding and liquidation of bankrupt companies are important topics in days of economic slowdown which affected all economies after financial crisis. This paper aims to find main differences between insolvency proceedings in the countries of Visegrad four. The main goal is to describe insolvency law in member countries and then to compare it from the poin of view of main actors. This comparison can help to find which changes and ideas could be applied to improve and make more effective the Czech insolvency system. The countries of Visegrad four was selected because of their common history and similar economic development. First of all, the legal background of insolvency proceedings which is possible for legal entities in these countries is examined. Then this paper deals with insolvency proceedings from the point of view of their participants – creditors, debtors and insolvency administrator. We have found that insolvency proceedings in these countries are very similar but there is still some inspiration for the Czech insolvency system.
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Kronis, Ivars. "CRIMINAL LIABILITY FOR DELAYING INSOLVENCY PROCEEDINGS." Administrative and Criminal Justice 1, no. 78 (March 31, 2017): 4. http://dx.doi.org/10.17770/acj.v1i78.2800.
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The article analyzes the legal norm, which provides for the criminal liability of the administrator and the representative of the debtor within the framework of legal entity insolvency proceedings or of the insolvent natural person in these proceedings. Up to now the criminal law science of Latvia discussed the issue of criminal aspects of delaying insolvency proceedings, however the authors, who researched them, did not go into details or analyzed them in conjunction with the previous insolvency regulation. This is indicative of the topicality of the theme, the importance of theoretical and practical research in the modern criminal law. By means of his thesis, the author wants to even partially close this gap, examining the most important aspects of the theme. Although the time passed after the effective date of the new Insolvency Law of November 1, 2010 is not enough to form legal practice in the criminal aspects related to delaying insolvency proceedings, it is the right moment to emphasize the urgency of the problem and to thoroughly evaluate the most important issues. Therefore, the purpose of the thesis is, analyzing peculiarities of offence as specified in Article 215 of the Criminal Law, to evaluate theoretical and practical aspects of its application. The empirical base of the research is formed by scientific theses and collections of articles, periodical editions and primary sources, legal acts, statistical data, Internet resources, other information in the public domain. To develop the thesis, the author used analytical, comparative, inductive and deductive methods of research.
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Storme, Matthias E., Brigitta Lurger, Arthur Salomons, and Isabel González Pacanowska. "Hof van cassatie van België / Cour de cassation de Belgique, 31 January 2002 - The effect of avoidance in bankruptcy as against a third party acquirer in good faith." European Review of Private Law 12, Issue 6 (December 1, 2004): 789–809. http://dx.doi.org/10.54648/erpl2004045.
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The case decided by the Belgian Hof van cassatie/Cour de cassation on 31 January 2002 concerns the effects of avoidance in bankruptcy of an impeachable transaction by the bankrupt debtor disposing of assets, and especially the conflict with a subsequent acquirer of these assets. The bankrupt debtor (Transport de Koning) had transferred shortly before bankruptcy a trailer in lieu of payment to its creditor Diemotrans. Diemotrans had sold and delivered the trailer shortly after bankruptcy to a subsequent buyer in good faith, the LLC André. The insolvency administrator (Driessen) asked the court for a declaration of ineffectiveness of the transaction vis-à-vis the creditors and a condemnation of LLC Andre to restitute the trailer to the bankrupt estate. The Court decided that the claim of the insolvency administrator fails insofar as the conditions for bona fide acquisition by LLC Andre are met (actual possession and good faith).
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Lepetić, Jelena. "Disputed claims and mediation in Serbian insolvency law: De lege lata and de lege ferenda." Pravo i privreda 58, no. 3 (2020): 156–76. http://dx.doi.org/10.5937/pip2003156l.
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In this paper, the author analyses the Insolvency Act's provisions on mediation. Firstly, the author points out the existence of a special legal regime for mediation of disputes related to the determination of claims, which differs from the general regime of mediation. Afterwards, the provisions on initiating mediation proceedings are analysed, with the special emphasis on the persons authorized to submit proposal for resolving a dispute in the mediation procedure according to the provisions of the Insolvency Act as well as the role of the creditors' committee in this regard. Then, the author analyses the issue of the duration and termination of mediation, pointing out the inconsistencies of the domestic solution. Furthermore, the issue of the costs of mediation proceedings in connection with insolvency proceedings is addressed shortly. In conclusion, the author advocates the abolition of restrictions on active legitimacy for submitting proposals for resolving disputes through mediation, prescribing additional competencies of the creditors' committee at the final stage of the mediation procedure in relation to the disputed claims in which the insolvency administrator participates, and providing a single regime of mediation for disputes regarding insolvency proceedings resolution.
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Paladii, Andrian, and Carolina Catan. "Disputes regarding the remuneration of authorized directors in insolvency proceedings." Administrarea Publica, no. 4(112) (December 2021): 79–86. http://dx.doi.org/10.52327/1813-8489.2021.4(112).05.
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The authorized administrator, regardless of the way he is appointed, fulfills the function of representative of justice, because he represents and defends not only the interests of the debtor and creditors, but, together with the insolvency court, offers the guarantee of compliance with legal provisions and coordinates, supervises and acts in in order to carry out the procedure.
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McCormack, Gerard. "Control and Corporate Rescue–An Anglo-American Evaluation." International and Comparative Law Quarterly 56, no. 3 (July 2007): 515–51. http://dx.doi.org/10.1093/iclq/lei181.
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AbstractThis article compares and contrasts Chapter 11 of the US Bankruptcy Code with the UK administration procedure under the Insolvency and Enterprise Acts. It focuses in particular on who runs a company during the restructuring process—debtor-in-possession or management displacement in favour of an outside administrator. Various reasons have been given to explain the US/UK divergence in this respect including differences in entrepreneurial culture and differences in the lending markets in the two countries. The article suggests that the divergence cannot be reduced to a single factor but instead implicates a complex web of circumstances.
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Poiedynok, V. V., and I. V. Kovalenko. "RESPONSIBILITY OF DIRECTORS IN BANKRUPTCY PROCEDURES UNDER EU LAW AND INDIVIDUAL MEMBER STATES OF EU." Economics and Law, no. 1 (April 15, 2021): 48–60. http://dx.doi.org/10.15407/econlaw.2021.01.048.
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The Bankruptcy Proceedings Code of Ukraine provides for the possibility of imposing liability under the obligations of the debtor – a legal person on the founders (stakeholders, shareholders) or other persons who have the right to give mandatory instructions to the debtor or have the opportunity to otherwise determine his actions. As a result, "comfortable" organizational forms of companies, such as LLCs and JSCs, have become risky for investors; managers, who may be employees, bear risk too. The article analyzes the legislation of the EU and some EU member states (Germany, France, Spain, the Netherlands, Latvia, Romania), concerning the liability of individuals in insolvency proceedings. We find that the rules on such liability are not harmonized at the EU level; as for individual countries, their laws do provide for the possibility of holding both de jure and de facto directors, whereas the latter may include the founders (stakeholders, shareholders) of the company, for the debts of the company. At the same time, the legislation of European countries describes in great detail the conditions and procedure for imposing such liability, which makes the risks for the individuals concerned predictable. Moreover, special rules on liability in insolvency proceedings are systematically linked to the provisions of company law, which establish the obligation of directors to act with due diligence in the interests of the company and liability for knowingly making business transactions with the knowledge that the company is insolvent (wrongful trading). In Ukraine, there are absolutely no specific legal provisions on the conditions and procedure for holding even de jure directors to liable in insolvency proceedings, not to mention the founders (stakeholders, shareholders) of companies, which creates a situation of legal uncertainty. To eliminate it, the legislation of Ukraine should define: the range of individuals on whom such liability may be imposed; a specific list of actions, the commission of which may give rise to liability; the need to prove the guilt of such individuals; forms of guilt sufficient to be held liable (only intent or also negligence); procedural rules for establishing guilt, including the issue of the burden of proof; who may lay claim to a director (insolvency administrator, creditor, court); statutes of limitations on the liability of directors, etc.
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Kronis, Ivars. "CREDITOR CLAIMS IN THE INSOLVENCY PROCEEDINGS OF A LEGAL ENTITY." Administrative and Criminal Justice 3, no. 76 (September 30, 2016): 44. http://dx.doi.org/10.17770/acj.v3i76.2856.
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The study “Creditor claims in the insolvency proceedings of a legal entity” contains analysis of the legal norms that prescribe the filing and verification of creditor claims, decisions adopted by administrator concerning creditor claims, as well as the procedure for filing of creditor claims and complaints related to the acknowledging, waiver or partial acknowledging of creditor claims. The issue of creditor claims in the insolvency proceedings of legal entities is studied in details on the basis of the legal regulations and conclusions of application theory and practice. The study contains no analysis of the regulations applicable to the insolvency of the participants of finance and capital market whereas they are supervised in accordance with the requirements of regulatory acts by the Financial and Capital Market Commission and their activities are governed by special legal norms. Even though the issue of creditor claims has been earlier discussed in the insolvency law science of Latvia, authors of the relevant studies have discussed them in brief. This leads to conclusion that the issue of creditor claims is topical and that theoretical and practical study thereof is significant for insolvency law of the present day. Empiric base of the study comprises scientist works and article collection materials, periodical materials and sources, legal acts, Internet resources and other publicly available information. The approaches used in exploring the study include analytical, comparative and deductive research methods. The study is developed with the following structure (the questions of study also represent parts of this work): 1) General description of filing creditor claims; Formal legal requirements applicable to creditor claims; 3) Status of creditor and complaints concerning claims.
Dissertations / Theses on the topic "Insolvency administrator"
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Sandholzová, Lucie. "Oddlužení plněním splátkového kalendáře." Master's thesis, Vysoká škola ekonomická v Praze, 2015. http://www.nusl.cz/ntk/nusl-205790.
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The diploma thesis deals with insolvency proceedings where the debtor's bankruptcy is solved by discharge of debts by fulfilment of the instalment schedule. The aim of the thesis is to verify three hypotheses expressed in the introduction. The author evaluates bill amending Act no. 182/2006 Coll., On Bankruptcy and Its Resolution (Insolvency Act), as amended, and certain other acts, which should become effective on 1 September 2016, particularly in the context the provision of services in the elaboration of an insolvency petition relating to the proposal to permit debt relief. More attention is paid to the performance of debt relief instalment schedule, especially Deductions from income of the borrower when one income, foreign income and income arising from the donation agreement or contract for retirement. The paper also compared the liquidation of seized property of the debtor in insolvency proceedings and enforcement proceedings. Finally, the work contains several proposals de lege ferenda, opinions of the author and their own approaches to solving problems associated with Discharge of debts by fulfilment of the instalment schedule.
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Pařezová, Kateřina. "Insolvenční řízení z pohledu povinností insolvenčního správce." Master's thesis, Vysoká škola ekonomická v Praze, 2011. http://www.nusl.cz/ntk/nusl-85771.
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This diploma thesis deals with the insolvency administrator. The objects of this work are mainly are the duties that insolvency administrator has to execute during the insolvency proceeding and the necessary requirements for the performance of the insolvency administrator's function. The objective of this work is to clarify the role of insolvency administrator in the particular phases of insolvency proceedings in general terms and the definition of his position and responsibilities in different types of insolvency proceedings. The aim of this work is also to analyze the assumptions that insolvency administrator must meet in order to obtain permission to perform the function of the insolvency administrator.
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Svobodová, Martina. "Funkce insolvenčního správce v ČR." Master's thesis, Vysoká škola ekonomická v Praze, 2014. http://www.nusl.cz/ntk/nusl-193399.
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This thesis is focused on function of insolvency administrator, both in terms of requirements imposed on the performance of insolvency administrator, and in the terms of the obligations that insolvency administrator has to execute in course of the insolvency proceedings. The objective of this thesis is analyzing function of insolvency administrator from the point of view of his position, powers and responsibility in insolvency proceedings. The objective of this thesis is also to test hypothesis, whether a new system of appointment of insolvency administrators based on rotational principle can be considered as effective and whether it truly led to higher transparency of appointment of insolvency administrators.
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Křížová, Iveta. "Výkon funkce insolvenčního správce v ČR." Master's thesis, Vysoká škola ekonomická v Praze, 2013. http://www.nusl.cz/ntk/nusl-199269.
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This thesis deals with a person of the Insolvency Administrator, both in terms of the requirements imposed on the person of the Insolvency Administrator, and in terms of the obligations to be Insolvency Administrator in the course of Insolvency proceedings perform. The main objective of this thesis is to test the hypothesis that can be considered the submitted draft amendments to the Insolvency Act effective from 1. 1. 2014, effective, particularly in relation to the performance of the Insolvency Administrator.
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Buisine, Olivier. "Le sort des garanties réelles en cas de plan de cession." Thesis, Lyon 3, 2014. http://www.theses.fr/2014LYO30063.
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La cession est une solution incontournable du droit des entreprises en difficulté.Déterminer les droits des créanciers dans le cadre d’un plan de cession s’avère pourtant une tâche délicate.Le droit des entreprises en difficulté a fait l’objet de réformes importantes (loi du 26 juillet 2005, ordonnance du 18 décembre 2008 et ordonnance du 12 mars 2014 dans une moindre mesure).Dans le même temps, le droit des sûretés subissait des évolutions nombreuses (ordonnance du 23 mars 2006, loi du 19 février 2007, loi du 04 août 2008, ordonnance du 30 janvier 2009) mais parcellaires, preuve du manque de cohérence du législateur en la matière.Les réformes du droit des entreprises en difficulté et du droit des sûretés ont révélé l’absence de ligne directrice claire en ce qui concerne l’articulation de ces deux droits. Les réformes du droit des entreprises en difficulté et du droit des sûretés aboutissent à un enchevêtrement des textes, rendant leur application particulièrement complexe.Les nombreuses interrogations tant théoriques que pratiques créent une insécurité juridique.Dès lors, en me basant notamment sur les difficultés rencontrées dans le cadre de mon activité professionnelle ou sur celles pointées du doigt par la doctrine et les commentateurs de textes, consécutives aux évolutions législatives récentes, l’objectif de ce travail de recherche est de procéder à des recommandations à l’endroit des professionnels ainsi que de réaliser des propositions visant à un meilleur équilibre des intérêts en présenceThe sale of a business is one of the most important insolvency solutions.However it’s a hard task to determinate creditor’s rights under these circumstances.Insolvency law has deeply changed consequently to main reforms (Act of July 26, 2005 called the “Safeguard Act”, Order of December 18, 2008 and to a lesser extent Order of March 12, 2014).At the same time, guarantee law has been modified by lots of reforms too (Order of March 23, 2006, Act of February 19, 2007, Act of August 4, 2008, Order of January 30, 2009).These reforms were fragmented. Furthermore they have been built without guideline. As a result, the articulation between insolvency law and guarantee law is very difficult.The theoretical and practical questions generate a real legal insecurity.The goal of this research work is to make insolvency practitioners propositions based on, amongst others, doctrine’s comments and criticism. The objective of these propositions is to establish a better balance between the pluralities of interests involved
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Rajhi, Wassim. "Essays on the capital structure and insolvency in conventional and non-conventional banking systems." Phd thesis, Université de Toulon et du Var, 2011. http://tel.archives-ouvertes.fr/tel-00657342.
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The international financial crisis naturally prompts the question of whether IIFS are robust and resilient or may be swept into crisis by a global wave and if so through what channels. This thesis considers channels through which the world financial crisis would affect IIFS, their features that may help contain it and those that may foster post crisis recovery in a dual banking system. Our sample covers 467 conventional banks and 90 Islamic banks in 16 countries for the period 2000-2008, a range advanced economies and emerging markets. We estimation the financial stability (z-score) in conventional and Islamic banks. The z-score has become a popular measure of bank soundness (Boyd and Runkle, 1993; Maechler, Mitra, and Worrell, 2005; Beck and Laeven, 2006; Laeven and Levine, 2006; Hesse and Čihák, 2007, 2008, 2010; Mercieca, Laeven and Levine, 2009; Beck; Demirgüç-Kunt and Merrouche, 2010). With a robust and a quantile estimation model, this empirical analysis explores causes of insolvency risk in Islamic and conventional banks in Middle East and North Africa (MENA) and Southeast Asian countries, by controlling for various factors, bank-by-bank data, macroeconomic and other system-wide indicators.
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KITTUR, ASHA HARSHAVARDHAN. "Effectiveness of the Altman Z-Score model : Does the Altman Z-Score model accurately capture the effects of Non-Performing Assets (NPA) in the Indian banking sector?" Thesis, Linnéuniversitetet, Institutionen för ekonomistyrning och logistik (ELO), 2019. http://urn.kb.se/resolve?urn=urn:nbn:se:lnu:diva-86144.
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The aim of this study is to measure the effectiveness of Altman’s Z-Score model using Non-performing assets (NPA) as a benchmark stability indicator. To do that, this paper examines if Altman’s Z Score Models capture the decline in financial health of the banks caused by the NPAs, using a two-fold analysis i.e., in advance through prediction and when the distress period is ongoing. The findings of this paper would suggest that: 1. During the distress period: The Z-Scores only marginally capture the distress caused by the NPAs, which is in line the findings of Almamy et al that the predictive ability of the model goes down during the crisis period. 2. For the future: The results of the statistical t-tests indicate that, the Z-Scores do not have the predictive ability to capture the future NPAs. Two different models that are developed by Altman - one for non-manufacturing firms and the other for the emerging markets, are used to test, if one model is more suitable than the other to the Indian banking sector. The findings of this paper suggest that, due to the uniqueness of the Indian banking sector during the NPA crisis, the ‘Emerging market model’, does not produce any significantly better results. Therefore, there is further scope to develop a tailor-made model suitable to the Indian banking sector.
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Frazier, Christine Lizardi. "Multiple case study of the fiscal conditions that exist in five California school districts under state receivership." Scholarly Commons, 2006. https://scholarlycommons.pacific.edu/uop_etds/2506.
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This bounded collective case study is an exploration of five school districts that have come under California state receivership and have received comprehensive assessments from the Fiscal Crisis and Management Assistance Team. It is detailed from the point of receivership through the initial comprehensive assessment report. Each case is situated within the timeframe in which each district had their budgets negatively certified, their request for a state loan granted, their receivership by the state declared and the initial steps toward recovery identified. The five California school districts chosen for this study are a sample of the population of school districts that have requested loans from the state of California since 1984. Of this population of thirty-two, seven have come under state receivership. Of these seven, five school districts have had comprehensive assessments mandated by the state of California and conducted by the Fiscal Crisis and Management Assistance Team. These five school districts selected as the sample for this study are: Compton Unified School District, West Contra Costa Unified School District, West Fresno Elementary School District, Oakland Unified School District and Vallejo City Unified School District. This study utilized the results from three data sets: district profiles which included demographic and financial data; the comprehensive assessment of the five selected school districts conducted by the FCMAT in the financial management area; and practitioner interviews at the district, county and state levels. The findings provide a roadmap for school districts in determining its risk of insolvency. The common demographic, financial conditions and fiscal practices are identified and how these conditions and practices lead to fiscal insolvency is presented. These conditions and practices have been organized into a high risk model that provides a hierarchy of predictors divided into primary, secondary, and independent risk areas that describe how these conditions and practices can be utilized as indicators of impending fiscal crisis. The systemic impact on fiscal solvency in the areas of; governance, human resources, facilities, and most importantly student achievement needs to receive further research.
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Davidsson, Sirestål Albin, and Johanna Permatz. "Värdering av immateriella tillgångar i konkurs : Konkursens påverkan på uppställda värden." Thesis, Högskolan i Gävle, Företagsekonomi, 2021. http://urn.kb.se/resolve?urn=urn:nbn:se:hig:diva-34821.
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Syfte: Den ökade mängd immateriella tillgångar som tas upp i balansräkningen till följd av digitaliseringen har gjort det svårt för företag att återspegla det faktiska värdet som tillgångarna har. Stora värden av immateriella tillgångar kan tas upp i redovisningen vilket kan vara missvisande för företagets intressenter. Samtidigt är det inte ovanligt att företag inte har likviditet för att betala sina skulder och därför behöver försättas i konkurs som en naturlig del i sin livscykel. Hur immateriella tillgångars värden påverkas av konkurs är därför av stort intresse för företagets intressenter för att bevaka sin rätt till en eventuell utdelning i konkursen. Syftet med denna studie är därför att utreda hur värderingsmetoden av immateriella tillgångar påverkas när ett bolag försätts i konkurs. Metod: Studien genomförs med en kvalitativ forskningsmetod med en hermeneutisk forskningsfilosofi och en induktiv ansats. Studien inleds med en litteraturgranskning och data samlas in genom semi-strukturerade intervjuer av primärt aktiva konkursförvaltare. Resultat och slutsats: Studien visar att noggrant uppskattat värde i en konkurs oftast innebär en marknadsvärdering, för att komma så nära det faktiska försäljningspriset som möjligt. Marknadsvärdet innefattar inte sällan en rabatt på grund av konkursen som sådan och för att det förväntas av en potentiell köpare. Marknadsvärderingen skiljer sig från den annars kostnadsbaserade värderingen som sker i balansräkningen, varför värdena kraftigt kan skilja sig åt.
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Asheela, Ndatega Victoria. "The advantage requirement in sequestration applications : a call for relaxation." Diss., University of Pretoria, 2012. http://hdl.handle.net/2263/26556.
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In South African insolvency law, in as much as debt relief measures are contained in three pieces of legislation, a discharge from debt is only available to an insolvent debtor whose estate has been sequestrated and he is eventually rehabilitated. The history of South African insolvency law indicates a developmental change from a ‘harsh creditor-orientated’ approach to a ‘debtor-friendly’ approach. However, the advantage for creditors’ requirement is now firmly embedded in the Insolvency Act 24 of 1936. This requirement is not defined in the Insolvency Act but has been largely interpreted by the courts and stringently applied. It is only once the applicant for the sequestration order has extinguished the burden of proving this requirement, amongst others, will the court exercise its judicial discretion to grant or refuse the order. Consequently, this requirement creates a stumbling block for debtors wishing to use the sequestration process as a debt relief measure and force discharge of their debts on their creditors. The sequestration process is aimed at the advantage of creditors and not the relief of debtors. Overburdened debtors seeking debt relief who cannot prove advantage of creditors are therefore not considered in sequestration applications. However, although debt relief is not a primary object of the Insolvency Act, it is an indirect consequence of the sequestration process when the insolvent debtor is rehabilitated. The Insolvency Act almost deals with every aspect of the different classes of creditors while there is no provision of the different classes of debtors who can and those who cannot prove an advantage to creditors. This serves as an indication that there is an imbalance between creditors’ and debtors’ interests. The study seeks to analyse the effect of the advantage requirement on sequestration applications from a debtor’s perspective. The alternative debt relief measures available to debtors when pursued by their creditors as contained in the Magistrates` Court Act 32 of 1944 and the National Credit Act 34 of 2005 are examined. It is submitted that South Africa does not provide the required sufficient debt relief because the administration orders and debt review in addition to other deficiencies, do not provide debtors with a statutory discharge from debts. The South African Law Reform Commission in the 2000 Insolvency Bill has recommended that the advantage for creditors’ requirement be retained in the new Insolvency Act. In a comparative survey, various legal systems are considered to investigate how the issue of finding a balance between debtors’ and creditors’ interests in insolvency law is dealt with. To accommodate all debtors, it is then submitted that the advantage requirement should not be retained in the Insolvency Act.Dissertation (LLM)--University of Pretoria, 2012.
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Books on the topic "Insolvency administrator"
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Tunstall, Ian. Trading or insolvency?: Risk management and the company administrator scheme. Sydney: LBC Information Services, 2000.
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Kerr, William Williamson. Kerr on the law and practice as to receivers and administrators. London: Sweet & Maxwell, 1990.
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Hunter, Muir. Kerr on the law and practice as to receivers and administrators. London: Sweet & Maxwell, 1997.
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Dunmore, Angela Catherine. Assets in corporate insolvency: Administration and liquidation. Birmingham: University of Birmingham, 1999.
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M, Roberts William, ed. Insolvency law and practice: A guide to the administration of insolvencies under the Insolvency Act 1986 and secondary legislation. Cambridge, England: ICSA Pub., 1988.
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Homan, Mark. A survey of administrations under the Insolvency Act 1986: The result of administration orders made in 19877. (Milton Keynes): Research Board of the Institute of Chartered Accountants in England and Wales, 1989.
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Stevanovich, Milo. Bankruptcy practice manual: Selected practical topics under the new Serbian bankruptcy law for administrators and other insolvency professionals. Belgrade: USAID, 2005.
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Stevanovich, Milo. Bankruptcy practice manual: Selected practical topics under the new Serbian bankruptcy law for administrators and other insolvency professionals. Belgrade: USAID, 2005.
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Insurance, California Legislature Assembly Committee on Finance and Insurance (1982 ). Subcommittee on Unemployment and Disability. Interim hearing on review of the Employment Development Department's administration of the disability insurance tax and management of the disability insurance fund: Pending insolvency and jeopardy of benefits. Sacramento, CA: The Committee, 1985.
Find full textBook chapters on the topic "Insolvency administrator"
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Atkinson, Andy. "Termination and insolvency." In JCT Contract Administration Pocket Book, 109–24. Second edition. | Abingdon, Oxon ; New York, NY : Routledge, 2021.: Routledge, 2020. http://dx.doi.org/10.1201/9781003120797-8.
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Anderson, Hamish. "Administration and Insolvency: The United Kingdom Approach." In Banks and Remedies, 313–18. 2nd ed. London: Informa Law from Routledge, 2021. http://dx.doi.org/10.4324/9781003123194-12.
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Anderson, Hamish. "Distribution of the Estate." In The Framework of Corporate Insolvency Law. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780198805311.003.0019.
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Consistently with it being a terminal insolvency procedure, distribution of the insolvent estate amongst the company’s creditors (and members in the event of a surplus) is the principal function of a liquidation. Administration is not directly comparable in this respect. Where administration is used for the purposes of rescue or restructuring, there may be no need for the administrator to make distributions but, on the other hand, it may be a ‘liquidating’ or ‘distributing’ administration where the wider powers of an administrator are used to achieve a better result for creditors than that achievable in liquidation. As explained in Chapter 8, the latter form of administration was facilitated by the Enterprise Act remodelling of the administration provisions of the Act and it is now common for an administrator with realizations available for distribution to creditors to use his own powers in that respect instead of putting the company into liquidation. The treatment of the claims of pre-proceeding creditors is the same whether distributions to them are made by an administrator exercising his own powers or by a liquidator appointed immediately following an administration.
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"National Report for the Netherlands." In Commencement of Insolvency Proceedings, edited by Dennis Faber and Niels Vermunt. Oxford University Press, 2012. http://dx.doi.org/10.1093/oso/9780199644223.003.0013.
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The first principles of insolvency law applicable in a sovereign Dutch nation can be traced back to the Ordinance of Antwerp of 28 January 1515. As a predecessor of insolvency legislation elsewhere in Europe, the Ordinance contained core principles and features still deemed fundamental to a modern insolvency law system (e.g. the collective nature of the insolvency proceedings, the appointment of an insolvency administrator, the prohibition against concealing property of the debtor, the application of the pari passu principle and the existence of preferential debts).
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Parry, Rebecca. "Avoidance of Floating Charges (Insolvency Act 1986, Section 245: Corporate Insolvency Only)." In Transaction Avoidance in Insolvencies. Oxford University Press, 2018. http://dx.doi.org/10.1093/oso/9780198793403.003.0021.
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A floating charge, of course, increases the likelihood upon the winding up of the debtor that a creditor will receive payment for sums that the creditor has advanced. Conversely, the existence of a charge over property reduces the likelihood of payment for creditors, such as those who supplied the property in the first place. Limitations have accordingly been placed on the availability of such charges in order to ensure that any creditor obtaining the advantage of this method of security has earned the priority that it confers. Section 245, which applies only in the context of liquidation and administration, provides that any floating charge that is created within a specified period of the onset of insolvency is void except to the extent that the charge holder advanced value to the debtor at the same time as, or after, the creation of the charge. Unlike many of the other avoidance provisions, the operation of section 245 is automatic and does not depend on an application being made by the liquidator or administrator. An exception to the operation of section 245 applies in the context of financial collateral arrangements.
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"Latvia." In Rescue of Business in Europe. Oxford University Press, 2020. http://dx.doi.org/10.1093/oso/9780198826521.003.0033.
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Debtor in possession principle. Since the debtor maintains the control over the business during formal restructuring procedure companies are more enthusiastic about restructuring. Latvia introduced first version of debtor in possession procedure in 2008. Before 2008 restructuring was an option during insolvency procedure and was led by insolvency administrator.
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Paulus, Christoph G., and Matthias Berberich. "National Report for Germany." In Treatment of Contracts in Insolvency. Oxford University Press, 2013. http://dx.doi.org/10.1093/oso/9780199668366.003.0009.
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Insolvency proceedings mainly pursue the objectives of optimal creditor satisfaction by maximizing recovery rates as well as—quite equally ranking—business rescue. Since contracts concluded by the debtor prior to the opening of insolvency proceedings may constitute either an economic burden or a benefit for the estate, it is generally accepted that the debtor should adhere only to those that are beneficial, and seek relief from detrimental pre-commencement contracts—provided certain conditions are fulfilled. German insolvency law therefore allows the insolvency administrator to draw a line and to choose which pre-commencement contracts will be performed.
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Hannigan, Brenda. "15. Directors’ liabilities and vulnerable transactions on insolvency." In Company Law. Oxford University Press, 2018. http://dx.doi.org/10.1093/he/9780198787709.003.0015.
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This chapter considers directors' liabilities for company insolvency. Redress for breach of duty by directors is available through summary action for misfeasance (IA 1986, s. 212) while particular types of trading are targeted for civil recoveries, namely fraudulent trading (ss. 213, 246ZA) and wrongful trading (ss. 214, 246ZB). A liquidator or administrator may also seek to challenge certain transactions which took place in the run-up to liquidation or administration; for example, on the basis that they were transactions at an undervalue (s. 238) or intended to prefer a particular creditor (s. 239). More broadly, the overall conduct of the directors is reviewed in order to determine whether disqualification is an appropriate response.
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Singh, Dalvinder. "European Bank Insolvency and Liquidation Proceedings." In European Cross-Border Banking and Banking Supervision, 163–98. Oxford University Press, 2020. http://dx.doi.org/10.1093/oso/9780198844754.003.0007.
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This chapter assesses the link between insolvency and liquidation, focusing on the orderly protection of depositors. There are differences in approach to safeguard the public interest at the regional and domestic levels. The misalignment of domestic insolvency-liquidation law and depositor protection mandates is likely to lead to wider techniques being needed to effectuate an orderly insolvency-liquidation proceeding and payout to banks’ depositors. This means the competent authority, the resolution authority, and the management of the bank, or administrator-liquidator will need to coordinate their responsibilities through a court-based process during the timeframe of failing or likely to fail to achieve an orderly payout to depositors. The potential coordination risks would need to be factored into the process of a failing or likely-to-fail timeframe.
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Anderson, Hamish. "Office-Holders." In The Framework of Corporate Insolvency Law. Oxford University Press, 2017. http://dx.doi.org/10.1093/oso/9780198805311.003.0011.
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At one level the title ‘office-holder’ is merely a convenient way generically to refer to the person (liquidator, administrator, or supervisor) who has the conduct of the insolvency proceeding in question. However, there is a burgeoning concept of the office-holder being a person to whom a number of privileges and responsibilities attach regardless of the form of the proceedings in which the appointment has been made.