Navigating Off-Plan Property Purchases: Your Guide to Recovery

off plan property

Purchasing off-plan property can be an enticing prospect, offering a chance to secure a futureproperty at potentially lower prices and reap wonderful returns. However, the journey from promiseto possession is often riddled with uncertainties, leaving buyers grappling with challenges likedelayed constructions, unmet expectations, and the looming threat of losing their deposits.When you invest in an…

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Carrie James: Challenging Her Excessive Legal Costs

Many of you may be familiar with High Street GRP, a property investment company that secured over £126,000,000 from more than 1,500 Loan Note Holders. However, the situation took a negative turn when these holders stopped receiving returns. As a result, numerous individuals reached out to us for assistance in recovering their investments. Consequently, the…

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Unleashing the Power of a Statutory Demand Letter

When it comes to recovering a debt, it’s not just about making demands. It’s about following theright legal procedures to ensure your efforts are effective. That’s where the statutory demand lettercomes into play—an essential tool in the debt recovery arsenal that can pack a powerful punch. Setting the Stage: The Letter Before Action Before we…

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Hardship for 100,000 SME construction firms

How British construction subcontractors can avoid bankruptcy and insolvency

Almost 100,000 small to medium-sized enterprises (SMEs) in the construction industry faced serious money problems in the first quarter of 2021, a study by business rescue experts Begbies Traynor has revealed. The findings reveal that in the months leading up to 31 March, 96,067 British SME construction firms had either: County court judgments (CCJs) of…

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Benefits of a creditors’ committee

Benefits of a creditors committee

Creditors in a statutory insolvency procedure should establish a creditors’ committee if they want to influence proceedings, set the basis for the insolvency practitioner’s fees, and increase dividends for the general body of creditors. A creditors’ committee consists of 3 to 5 people who are responsible for setting the basis of the insolvency practitioner (IP)’s…

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Understanding your insolvency practitioner (IP) Part 2

Seek advice from an independent professional when considering any insolvency procedure

It’s fair to say the laws surrounding the insolvency regime were written largely by and for insolvency practitioners (IPs). The legislation governing insolvencies throughout England and Wales came into force with the passing of the Insolvency Act 1986. These laws were updated 30 years later with the enactment of the Insolvency Rules 2016. The 2016…

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