Cookies Policy

This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies.

I accept this policy

Find out more here

Corporate Rehabilitation Proceedings

Brill’s MyBook program is exclusively available on BrillOnline Books and Journals. Students and scholars affiliated with an institution that has purchased a Brill E-Book on the BrillOnline platform automatically have access to the MyBook option for the title(s) acquired by the Library. Brill MyBook is a print-on-demand paperback copy which is sold at a favorably uniform low price.

Access this chapter

+ Tax (if applicable)

Chapter Summary

In almost all developed countries, as well as in a number of developing countries, insolvency systems have two distinct formal pathways for handling the problem of debtors unable to pay their debts as they fall due. Insolvency "rehabilitation," or "reorganization" or "rescue" is devoted to maintaining all or a major part of a business as a going concern. Many of the conditions considered to be indispensable to a commercially and economically effective rehabilitation procedure raise issues of cultural and economic significance. A strong structure for ensuring maximum disclosure of useful and relevant information can be found in the rehabilitation processes of the United Kingdom and other countries where an independent administrator is appointed with authority over the rehabilitation process. The chapter discusses the limitations that might be imposed on the process of formulating a plan and on the contents of a plan, the process of stakeholder consideration, and voting procedures.

Keywords: debtors; insolvency systems; rehabilitation process; United Kingdom



Can't access your account?
  • Tools

  • Add to Favorites
  • Printable version
  • Email this page
  • Recommend to your library

    You must fill out fields marked with: *

    Librarian details
    Your details
    Why are you recommending this title?
    Select reason:
    A Global View of Business Insolvency Systems — Recommend this title to your library
  • Export citations
  • Key

  • Full access
  • Open Access
  • Partial/No accessInformation