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The Insolvency Act 2003 is the BVI’s all-encompasses insolvency law that deals with both companies and individuals, although none these guides will deal with bankruptcy and issues relating to individuals. As its name suggests, the Act only deals with regimes for insolvencies such as the liquidation of insolvent companies, and regimes for solvent companies are outside its scope. Thus, voluntary liquidations of solvent companies continue to be governed by the Companies Act.

The Insolvency Act 2003 is the BVI’s all-encompasses insolvency law that deals with both companies and individuals, although none these guides will deal with bankruptcy and issues relating to individuals. As its name suggests, the Act only deals with regimes for insolvencies such as the liquidation of insolvent companies, and regimes for solvent companies are outside its scope. Thus, voluntary liquidations of solvent companies continue to be governed by the Companies Act.

The Insolvency Act 2003 is the BVI’s all-encompasses insolvency law that deals with both companies and individuals, although none these guides will deal with bankruptcy and issues relating to individuals. As its name suggests, the Act only deals with regimes for insolvencies such as the liquidation of insolvent companies, and regimes for solvent companies are outside its scope. Thus, voluntary liquidations of solvent companies continue to be governed by the Companies Act

The Insolvency Act 2003 is the BVI’s all-encompasses insolvency law that deals with both companies and individuals, although none these guides will deal with bankruptcy and issues relating to individuals. As its name suggests, the Act only deals with regimes for insolvencies such as the liquidation of insolvent companies, and regimes for solvent companies are outside its scope. Thus, voluntary liquidations of solvent companies continue to be governed by the Companies Act.