Insolvency & Law Blog

Company insolvencies rapidly increasing

By admin | Aug 2, 2022 | Comments Off on Company insolvencies rapidly increasing
A surge in company liquidations in England and Wales since the Covid-19 pandemic

Government figures reveal a 40% increase in the number of registered companies that entered insolvency procedures during the past year.…

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35% of banned directors abused Covid support

By admin | Jul 27, 2022 | Comments Off on 35% of banned directors abused Covid support
7 out of every 20 UK company directors who were banned during the first four months of 2022 were guilty of fraud or abusing the Government's Covid-19 support schemes

7 out of every 20 UK company directors struck off in 2022 were guilty of abusing the Government’s Covid-19 loan…

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Insolvency Service adjusts IVA payment rules

By admin | Jul 18, 2022 | Comments Off on Insolvency Service adjusts IVA payment rules
Insolvency Services urges insolvency practitioners to consider cost of living crisis in IVA procedures

The Insolvency Service is to overhaul the Individual Voluntary Arrangement (IVA) regime in the wake of the cost of living…

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Beware of the mini-bond market

By admin | Jul 11, 2022 | Comments Off on Beware of the mini-bond market
Mini-bonds are unregulated by the Financial Services Compensation Scheme

A mini-bond is a niche type of unregulated investment that you don’t hear about too often. But here at I&L,…

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Police and financers warn of online bank fraud

By admin | Jul 5, 2022 | Comments Off on Police and financers warn of online bank fraud
Lobby group UK Finance note a record increase in the amount of money UK customers lost to online bank fraud in 2021

Bank customers lost a record £1.3 billion to online scams last year, according to lobby group UK Finance. In 2021,…

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Prepare for the zombie company storm

By admin | Jul 5, 2022 | Comments Off on Prepare for the zombie company storm
Zombie companies harm other businesses because they trade while insolvent

Directors and business owners should expect to see the beginning of the pandemic fallout during the second half of 2022.…

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Is the director disqualification process futile?

By admin | Jul 5, 2022 | Comments Off on Is the director disqualification process futile?
There is no evidence that disqualification is sufficient punishment for a devious company director

In March 2022, P&O Ferries’ chief executive Peter Hebblethwaite brutally dismissed 800 workers without the consultation required under UK law.…

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