PHOENIX COMPANIES – RE-USE OF A COMPANY NAME AFTER LIQUIDATION, SECTION 216 INSOLVENCY ACT 1986

In mythology, a phoenix is an immortal bird that, after death, bursts into flames and is reborn from those ashes; hence the expression “to rise like a phoenix from the ashes”. Within a business context a company that rises like a phoenix from the ashes is one that is reborn following liquidation.

 

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