KPMG LLP - KPMG Public Glossary

Glossary



This glossary is provided as general guidance to help explain some common insolvency terms. It does not cover every insolvency term and many of the terms can have different meanings in different contexts that are not covered here. If you require specific advice about insolvency you should seek professional advice.

  • Administration
  • Administration period
  • Administrative Receivership
  • Agent
  • Annual Meeting
  • Annual Report
  • Asset
  • Bankruptcy
  • Bankruptcy Restrictions Order (BRO)
  • Book debts
  • Break-up sale (or forced sale)
  • County Court Judgement ('CCJ')
  • Chairman
  • Charge
  • Charge holder
  • Committee
  • Company Voluntary Arrangement ('CVA')
  • Compulsory liquidation
  • Consideration
  • Contingent liability
  • Creditor
  • Creditors' Voluntary Liquidation ('CVL')
  • Cross guarantee ('CG')
  • Crown debts
  • Debenture
  • Debt
  • Debt Relief Order ('DRO')
  • Debtor
  • Declaration of Solvency
  • Deferred consideration
  • Director
  • Disbursements
  • Dissolution
  • Distribution
  • Dividend
  • EC Insolvency Regulation
  • Entity
  • Fixed charge holder
  • Floating charge holder
  • Guarantee
  • Individual Voluntary Arrangement ('IVA')
  • Insolvency Act 1986 ('the Act')
  • Insolvency Rules 1986
  • Insolvency Practitioner ('IP')
  • Insolvent
  • Law of Property Act Receiver ('LPA Receiver')
  • Liquidation
  • Liquidator
  • Liability
  • Member
  • Members Voluntary Liquidation ('MVL')
  • Moratorium
  • Net Property
  • Nominee
  • Office holder
  • Official Receiver ('OR')
  • Personal guarantees ('PG's)
  • Petition
  • Pre-administration costs
  • Preferential creditor
  • Pre-pack administration ('pre-pack')
  • Prescribed Part
  • Progress report
  • Proof of debt form
  • Proposals (also known as Paragraph 49 report)
  • Proxy
  • Proxy form
  • Qualifying Floating Charge holder ('QFC')
  • Receipts and payments account ('R&P')
  • Receiver
  • Receivership
  • Redundancy Payments Office ('RPO')
  • Remuneration
  • Resolutions
  • Retention of Title ('RoT')
  • Section 98 meeting
  • Secured creditor
  • Statement of Affairs ('SoA')
  • Statements of Insolvency Practice (SIPs)
  • Statutory demand
  • Supervisor
  • Transfer of Undertakings (Protection of Employment) Regulations 2006 ('TUPE')
  • Trustee
  • Unsecured creditor
  • VAT

Please note, there are other insolvency glossaries available including: