Deed of inspectorship

Updated: Aug 20, 2021

When a businessman is insolvent and it is possible that he may become bankrupt, he may hand over his business to the charge of his creditors by a deed of inspectorship. The creditors will appoint inspectors to manage the business either as a going concern or with a view to its being wound up.

Reference: The Penguin Business Dictionary, 3rd edt.

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