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English Private Law$
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Andrew Burrows

Print publication date: 2013

Print ISBN-13: 9780199661770

Published to Oxford Scholarship Online: September 2013

DOI: 10.1093/acprof:oso/9780199661770.001.0001

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(p.1117) 19 INSOLVENCY
English Private Law

Michael Bridge

Oxford University Press

Insolvency is a financial condition — an inability to pay one's debts — that can lead to the winding-up of a company and to the bankruptcy of an individual. This chapter focuses on insolvency principles. It discusses the structure and process of insolvency; the estate of the insolvent and its distribution; and the powers and liabilities of liquidators, trustees-in-bankruptcy, administrators, and administrative receivers.

Keywords:   English law, bankruptcy, estate, liquidators, trustees, administrators, receivers

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