what is insolvency


The Insolvency and Companies Court (ICC) came into being in January 2019 and was formerly known as the Companies Court.

It handles cases relating to the insolvency of companies such as winding up petitions, applications to unfreeze bank accounts and challenge winding up petitions and applications to restore a company to the register after it has been struck off.

The ICC is a specialist court that comes under the Business and Property Courts of the High Court of Justice. It is based at the Rolls Building in London.

The ICC Interim Applications Court takes place on Thursday, Fridays and every other Monday. It is intended that the list will be used to hear applications for:

  1. an injunction to restrain presentation of a petition to wind up a company or to restrain advertisement of such a petition
  2. an administration order
  3. an appointment of a provisional liquidator
  4. search and seizure orders pursuant to section 365 of the Insolvency Act 1986
  5. an appointment of an interim receiver pursuant to section 286 of the Insolvency Act 1986
  6. validation orders
  7. other applications that are urgent, such as those made pursuant to section 125 of the Companies Act 2006.

For advice email debt recovery expert richard.anderson@beswicks.com or phone 01782 205000.