Company administration: limitation periods

The High Court has held that, when a company goes into administration, time does not stop running in relation to its creditors' claims. The case acts as a reminder to creditors of companies in administration to be aware of the limitation period of their claim. Where time is running out, creditors can protect their position by:

  • Obtaining the administrator's acknowledgement of the claim (this will restart the applicable limitation period).
  • Applying to the administrator or the court for permission to issue proceedings against the company.

The attached  checklist explains the administration procedure from the perspective of a creditor business.

Contact us

O'Neill Patient Solicitors LLP
Chester House, 2 Chester Road, Hazel Grove,  Stockport, Cheshire, SK7 5NT

Telephone:

0161 694 3000 / 0161 483 8555

E-mail:

info@oneillpatient.co.uk

Fax:

0844 576 2140 (we do not accept service by fax or email)