# The Insolvency Rules 1986, Rule 4.151: Preliminary

Extent: E+W

(NO CVL APPLICATION)
For the purposes of this Chapter—
(a) an “insolvent winding up” is where the company is being wound up on grounds which include inability to pay its debts, and
(b) a “solvent winding up” is where the company is being wound up on grounds which do not include that one.

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Source: https://www.legislation.gov.uk/uksi/1986/1925/rule/4.151 (the official version)
Page: https://openlegislation.uk/insolvency-rules-1986/rule-4.151
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.