Insolvency
Is Carrie Ann James Blocking Justice for Victims?
The pursuit of justice faces ongoing challenges as victims claim Carrie Ann James appears to be introducing obstacles in the path to justice. We direct your attention to our initial article on this issue as we update you on the developments since then. Despite our initial request for a Norwich Pharmacal Order and Carrie Ann…
Read MoreAppeal court win for company directors
The UK Supreme Court recently dismissed a claim for a law change that would force company directors to take creditors into account at the first sign of insolvency. Instead, the Supreme Court upheld the current law. As a result, directors only need to prioritise creditors when company insolvency is highly likely. Under the current ruling,…
Read MoreInsolvencies jump 43%
Startling new statistics have revealed the number of insolvent companies jumped by a staggering 43% in August 2022. Although high inflation has led consumers to reduce spending, this paints a bleak picture of the future of UK businesses. The government finally acted by freezing energy prices to lessen the blow of the recent hike in…
Read MoreOptions for a profitable but insolvent company
As reports of company insolvencies come streaming in, it’s important for directors to weigh up business rescue options in advance. Panicking and making rash decisions under pressure could lead to a tragic , but wholly avoidable outcome. It is important to note that liquidation is not the only option available to you. One alternative is…
Read More50% increase to bankruptcy and liquidation fees
Just months after lifting the temporary restrictions on winding-up petitions, the Government has revealed plans that will make it harder for thousands of SMEs and microbusinesses to collect debts and force debtors into insolvency procedures. The Insolvency Service plans to hike in the cost of two key payments later this year. Firstly, the deposit a…
Read More3 alternatives to liquidation for directors
A clever director will be considering their options as the number of corporate insolvencies continues to rise in 2022. Still, try not to make rash decisions as they can lead to bad results. There are several alternatives to liquidation that can help a proactive director move forward with an insolvent but profitable business. An agreement…
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