The No.22 Receiver's or Official Liquidator's Bond is a legal document required when a receiver or official liquidator is appointed in Irish insolvency proceedings. This bond serves as a financial guarantee to the court that the appointed officer will properly fulfill their duties and account for all assets.
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The No.22 Receiver's or Official Liquidator's Bond is a legal document required when a receiver or official liquidator is appointed in Irish insolvency proceedings. This bond serves as a financial guarantee to the court that the appointed officer will properly fulfill their duties and account for all assets.
Plain English
When someone is appointed to manage a company's assets during insolvency in Ireland, they must provide this bond as security. It's essentially a promise backed by money that they'll handle the company's assets properly and follow all court instructions.
Submission Date
| Situation | Likely form | Why it matters | Check before you continue |
|---|---|---|---|
| Situation | Likely form | Why it matters | Check before you continue |
| Bankruptcy petition | No.1 Bankruptcy Petition | Different process for individual insolvency | Verify if the debtor is a company or individual |
| Company voluntary arrangement | Form CVA-1 | Alternative to liquidation for insolvent companies | Confirm the company isn't already in liquidation |
| Examination order application | No.8 Examination Order | For investigating company affairs | Ensure no receivership is already in place |
| Winding up petition | No.2 Petition for Winding Up | Initiates liquidation process | Check if the company is solvent or insolvent |
The bond must be filed immediately upon appointment confirmation, typically within 7 days, before the receiver or liquidator can take control of any assets or commence their duties.
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The current version of this form is actively used in all Irish insolvency proceedings. Recent updates may include revised surety requirements or bond calculation methods.
Agency: Courts Service of Ireland
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No.22 Receiver's or Official Liquidator's Bond
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8 things to watch for
Difference between receiver and official liquidator roles
How to calculate the appropriate bond amount
Who qualifies as an acceptable surety
Whether personal assets can be used as bond security
Process for updating bond if estate value changes
Relationship between bond and other insolvency requirements
Timeframe for bond approval before commencing duties
Consequences of bond rejection or insufficiency
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