BUSINESS & LEARNING

Business Liquidation Academy

Learn how companies are wound up, under the law of England and Wales with notes on other countries. Six modules and 18 lessons: what liquidation is, the cash-flow and balance-sheet tests, creditors’ voluntary, compulsory and members’ voluntary liquidation, the liquidator’s job, creditors’ claims, employees, the order of priority, the prescribed part, set-off and retention of title, directors’ duties and wrongful trading, preferences and transactions at an undervalue, disqualification and phoenix companies, distributions to shareholders and dissolution. Eight simulations: insolvency tests on a made-up bakery, choosing the procedure, sorting claims, the distribution waterfall, the prescribed-part calculator, the point of no return for a director, investigating past transactions and a members’ voluntary liquidation.

Ready to try · Learn how companies are wound up, under the law of England and Wales with notes on other countries. Six modules and 18 lessons: what liquidation is, the cash-flow and balance-sheet tests, creditors’ voluntary, compulsory and members’ voluntary liquidation, the liquidator’s job, creditors’ claims, employees, the order of priority, the prescribed part, set-off and retention of title, directors’ duties and wrongful trading, preferences and transactions at an undervalue, disqualification and phoenix companies, distributions to shareholders and dissolution. Eight simulations: insolvency tests on a made-up bakery, choosing the procedure, sorting claims, the distribution waterfall, the prescribed-part calculator, the point of no return for a director, investigating past transactions and a members’ voluntary liquidation.