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Company directors who are on the company payroll are normally eligible to claim for statutory redundancy pay when their company goes through insolvency, but many
The contents of the Budget 2021, announced by the Chancellor earlier this month, will have brought positives and negatives for everyone. One strong theme, though,
Rishi Sunak announces more flexible loan repayment options, benefitting more than 1.4M small businesses nationwide
Throughout the COVID-19 pandemic, the UK government has offered various financial aids for businesses struggling during these uncertain times, as we discussed previously. One such
According to official figures released earlier this month, company insolvencies in England and Wales are on the rise for the first time since these countries
Following the end of the transition period on 31st December 2020 and the United Kingdom’s complete and final departure from the European Union, significant changes
The Corporate Insolvency and Governance Act 2020 which was introduced in April this year and became law in June 2020, detailed a number of measures
R3 Midlands issued an article this week through Insolvency Insider warning that over the next twelve months there would be a shift from business restructuring
The 2020 Finance Act, which received Royal Assent on 22 July, introduced new powers for HMRC to enforce Directors’ personal liability for historic unpaid taxes.
At 12.30 today, The Chancellor addressed the House and the Nation regarding his 3 Point Plan to re-open the economy by supporting businesses and employees.
On 6 December 2019 Mark Tailby and Graham Wolloff were appointed as Joint Administrators of Best Asset Management Limited. Any interested parties should contact our
As you may be aware, several months ago HMRC transferred the responsibility of dealing with solvent liquidations (or MVLs) from their offices in Worthing to
Statistics revealed that personal insolvencies were substantially higher in the first quarter of this year compared to the previous year, and also increased from the
Research recently published by R3, the insolvency and re-structuring trade body, shows that some 79,000 businesses (4%) say they would be unable to repay their
Recent reports suggest that the Bank of England and the Financial Conduct Authority (FCA) hold some serious concerns about the rapid growth of consumer borrowing
90,930 people became insolvent across England and Wales during 2016. This represents a rise of 13.1% from 2015 and the first annual increase since 2010.
Section 127 of the Insolvency Act 1986 (“The Act”) applies to transactions entered into by a company between the date of issue of a winding
The introduction of the new Insolvency Rules on 6 April 2017 will bring significant protocol changes for creditors as well as for the Insolvency Profession.
We all know a registered office is a legal requirement for corporate bodies (typically limited companies and limited liability partnerships) in the UK. Its sole
As you may already be aware, the existing Insolvency Rules have been under review for some time as Insolvency was the subject of a government
A review undertaken by the Law Commission has made recommendations on the way consumer deposits and retail vouchers should be treated following the insolvency of