Deadlines

Question 1

Liquidators report

Answer 1

Every 12 months, file report within 2 months end of reporting period

Question 2

Administrator’s report

Answer 2

Every 6 months

Question 3

Draft final report to creditors before filing at Companies House

Answer 3

8 weeks

Question 4

Creditor to appeal against rejection of proof

Answer 4

21 days from receiving statement of rejection

Question 5

Deadline for dealing with house before revests in bankrupt

Answer 5

3 years from bankruptcy order

Question 6

NCA waiting period after suspicious activity report

Answer 6

7 working days

Question 7

Notice to creditors of decision procedure to replace liquidator in a CVL

Answer 7

28 days

Question 8

Payment into ISA

Answer 8

within 14 days if less than £5,000

If £5,000 or more immediately

Question 9

Notice to creditors if using rule 22.4 exception to s. 216

Answer 9

Within 28 days of completion of the transfer

Question 10

Notice of General Meeting

Answer 10

14 clear days

Question 11

File special resolution for voluntary liquidation at Companies House

Answer 11

15 days

Question 12

Notice by voluntary liquidator to all creditors

Answer 12

within 28 days

Question 13

Voluntary liquidator Gazette notice following appointment

Answer 13

within 14 days

Question 14

Companies House notification by voluntary liquidator following appointment

Answer 14

14 days

Question 15

Companies House filing of statutory declaration of solvency after MVL

Answer 15

within 15 days of passing of resolution to wind up company

Question 16

MVL special resolution within what period after declaration of solvency

Answer 16

5 weeks

Question 17

MVL to CVL conversion - sending SofA to creditors

Answer 17

within 7 days of forming opinion company is insolvent

Question 18

MVL to CVL conversion - calling meeting of creditors

Answer 18

Creditors’ meeting within 28 days of forming opinion company is insolvent

Question 19

Rejection of deemed consent

Answer 19

Call meeting not earlier than 3 BD from date of notice calling meeting
Within 14 days of reaching 10% of creditors objecting threshold

Question 20

First liqudiation committee meeting

Answer 20

Within 6 weeks of formation of committee

Question 21

Requisition of creditors’ committee meeting by committee member

Answer 21

Meeting held within 21 days

Question 22

Reporting to creditors’ committee

Answer 22

As directed but no more often than every 2 months or less frequently than every 6 months

Question 23

Advertising winding up petition

Answer 23

7 BD after service and not less than 7 BD for hearing

File certificate of compliance 5 BD before hearing

Question 24

Period OR has after compulsory liquidation commences to seek creditors’ nomination of liquidator

Answer 24

12 weeks

Question 25

Administrator after appointment: notice to company and creditors

Answer 25

As soon as reasonably practical

Question 26

Administrator after appointment: notice to Registrar of Companies

Answer 26

within 7 days of Admin order/receipt of notice of appointment

Question 27

Administration: requirement for SofA by 'relevant person'

Answer 27

Within 11 days of notice of requirement

Question 28

Administrator: send proposals to Registrar, creditors (other than opt-out) and members

Answer 28

ASARP and within 8 weeks of entering administration

Question 29

Administration: creditors' decision to approve proposal

Answer 29

Within 10 weeks of entry into administration

Question 30

Administration: notification of approval of proposal to court, registrar and prescribed persons

Answer 30

ASARP

Question 31

Notification of end of IVA to creditors and SofS

Answer 31

28 days