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The Insolvent Partnerships Order 1994 aimed to give partnerships and their creditors greater flexibility when faced with financial difficulty. But the relationships created in any partnership can still prove difficult to unravel.
Insolvent Partnerships outlines the wide range of options now available and tackles many of the difficult questions that arise such as how should the partnership assets be distributed, when can a partner wind up the partnership and when are interlocking IVAs suitable.
As well as authoritative and up-to-date advice on practice and procedure, Insolvent Partnerships includes the full text of the Order, other statutory materials and useful precedents making it an essential reference for all insolvency practitioners and their advisers.