Winding Up Petitions
Rugby super league team issued a creditors winding up petition
It appears that top flight sports teams are not immune to becoming caught up in Insolvency proceedings. Salford City Reds or the Red Devils as known by rugby fans, who currently sit mid table of the Rugby Super League, have been hit with a winding up petition from creditor, Konica Minolta, and have a court…
Read MoreF1 Racing Team Lotus, faces creditor pressure with a winding up petition
Big Insolvency news this week as one of the leading Formula 1 teams, Lotus, has been issued with a creditors winding up petition. Lotus were summoned to appear in the Companies Court on Monday 6th July and managed to have the hearing delayed for 2 weeks, so they can have some time to negotiate with…
Read MoreTop 5 Solutions for Dealing with HMRC Winding-up Petitions
In June 2010, we posted an article explaining how to get winding up petitions dismissed and withdrawn and another, five months later, revealing how HM Revenue and Customs (HMRC) was responsible for issuing the vast majority of winding up petitions in Britain.
Read MoreHMRC Exhausted from Issuing Winding-Up Petitions
Last month’s revelation that HMRC resources are stretched so thinly the tax collector is no longer able to supply insolvency practitioners (IPs) with data, is a sure sign the British economy is bankrupt.
Read MoreInsolvency Lawyer Issues UK Court Summons via Facebook
A lawyer has used Facebook to serve a court summons, in what experts claim is the first case of its kind in the UK. Solicitor Hilary Thorpe claims she had exhausted all conventional methods of trying to contact a debtor on behalf of a client, before recalling a case in which the Supreme Court in…
Read MoreHMRC vs English Football: The Battle Rages On
English football clubs owed more than £22m in overdue tax to HM Revenue and Customs (HMRC) in 2010, according to figures released last week. Premier League clubs owed £8.6m, Championship clubs owed £6.4m and Football League clubs were indebted to HMRC for £7.4m. Dave Boyle, chief executive of campaign group Supporters Direct, believes the figures…
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