Overdrawn Directors’ Loan Accounts: How to Avoid Trouble

Many company directors borrow money from their businesses through what’s known as a director’s loan account (DLA). In principle, there’s nothing wrong with this, so long as the money is repaid in a timely manner. Problems arise when the account becomes overdrawn, and the company runs into financial difficulty. If you’re a director with an…

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Debt Assignment Explained: A Strategic Tool for Creditors

In today’s volatile commercial landscape, unpaid debts can severely undermine cash flow, disrupt operations, and threaten the survival of a business. For creditors facing non-performing debts, particularly those involving insolvent, evasive, or asset-dissipating debtors, debt assignment provides a powerful and often underused legal remedy. It allows for the structured transfer of debt ownership, enabling specialist…

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The 79th Group Administration: What It Means for Loan Note Holders

As The 79th Group enters administration, many loan note holders are left uncertain about what this means for their investment. What happens to the money? Who gets paid first? And how does the process actually work? This article breaks down the administration process under UK insolvency law and explains why loan note holders are now…

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Who’s Behind Billy Jackson? Uncovering the Team and the Companies

Part 3- Unravelling the Team Behind Billy Jackson Executive Summary -Billy Jackson operates a network of companies heavily reliant on Loan Note investments, many of which have defaulted on payments.-Our investigation uncovers a support network of introducers, trustees, and administrators lending legitimacy to these operations.-Investor reviews and legal records reveal a troubling pattern of defaults,…

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DEBT ALERT:  Total Surfacing Solutions Ltd – Insolvent and Still Trading

Our company alert this week is regarding Total Surfacing Solutions Ltd. They are a tarmac surfacing contractor operating in Hertfordshire, Essex and Bedfordshire. They have a registered office in Fulbrook, Oxfordshire. This company had owed our client £15,574.59 plus interest (the Debt) and costs. On 29th June 2022, our client assigned the Debt to Insolvency & Law Ltd. We…

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