Question: solve the question using IRAC METHOD. WORD LIMIT: 800 There are three different regimes now commonly used in the case of insolvency: Company Voluntary Arrangement,

solve the question using IRAC METHOD. WORD LIMIT: 800 There are

solve the question using IRAC METHOD. WORD LIMIT: 800

There are three different regimes now commonly used in the case of insolvency: Company Voluntary Arrangement, Administration, and Liquidation. Please describe the main characteristics of these three insolvency regimes, and discuss the circumstances in which each regime would be best suited. (100 marks)

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