Sentence examples for insolvency procedure from inspiring English sources

Last year it used a company voluntary arrangement (CVA) – a form of insolvency procedure – to close 89 loss-making stores.

A pre-pack administration is an insolvency procedure which sees a company being sold immediately after it has entered administration.

However, Darren Topp, the BHS chief executive, said he is "confident but not complacent" that creditors will back the CVA, a form of insolvency procedure.

The taxman and small businesses face losing out on millions of pounds after clothing retailer Blue Inc used a controversial insolvency procedure to close loss-making stores.

Some experts had said the restrictions on who could use a DRO meant many people were unable to access this type of formal insolvency procedure.

At the same time as trying to restructure its pension scheme, BHS wants to cut the rent on half of its 164 shops through an insolvency procedure.

In France, however, insolvency procedures are more fluid and tend to favour shareholders over banks.

We need an effective European banking authority at the European Central Bank for banks "too big to fail" as well as insolvency procedures for banks.

Research carried out for R3 suggests 961,000 individuals are silently struggling with their debts – four times the number of people currently in formal insolvency procedures.

Yet Spain needs more of them, especially to the tax system, the labour market, insolvency procedures and business regulation, to thrive in the longer term­.

The lesson to be drawn from the Greek debacle is that the eurozone must develop sovereign insolvency procedures as quickly as possible, thereby preventing other sovereigns from becoming creditors through debt mutualisation.