Company deregistration – government’s fast track response to assetless companies

Fast-tracking insolvent assetless companies through a default de-registration process was introduced, in effect, by the Insolvency Law Reform Act 2016 (ILRA). In removing the arcane obligation of an official liquidator to work unfunded, the government said that it would be up to creditors to fund an assetless liquidation, or, if not, then “this may mean a […]