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This work sets out the fundamental concepts and problem areas of corporate insolvency, considering the basic concept of corporate insolvency in detail. "The Insolvency Act 1986" is analyzed in the context of the general law of property and obligation. The author discusses the legal rules relating to administrative receivership, the grounds by which transactions prior to liquidation of administration may be rendered void or liable to be set aside, and the responsibility of the management of a company to its creditors.