Do insolvency proceedings apply to all types of companies?
The parts of this booklet covering compulsory winding-up and receivers (including administrative receivers) apply to registered and unregistered companies (including oversea companies). The parts of this booklet covering voluntary winding-up and administration orders do not apply to unregistered companies, which cannot be wound up by these methods. If the liquidation or receivership began before 29 December 1986, then the law in force at that time will continue to apply. Remember: Not all companies in liquidation are insolvent.
