Insolvency & Law Blog

Tips for bankrupts and bankruptcy in 2021

By admin | Oct 22, 2020 | Comments Off on Tips for bankrupts and bankruptcy in 2021
Bankruptcy is a no-brainer if you have no assets and lots of debts

Considering the state of the UK economy, it should come as no great surprise if there’s an increase in the…

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Lenders may seek aid for Covid-19 losses

By admin | Oct 15, 2020 | Comments Off on Lenders may seek aid for Covid-19 losses
Banks and other mortgage providers will seek to recover their Covid-19 losses

Although the UK government’s primary focus must be to maintain and kick-start our ravaged economy, a colossal challenge involving mortgage…

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Liquidation advice for creditors in a CVL

By admin | Oct 6, 2020 | Comments Off on Liquidation advice for creditors in a CVL
Creditors in a creditors' voluntary liquidation (CVL) gain leverage by uniting. But they must be proactive

In a creditors’ voluntary liquidation (CVL), the liquidator / insolvency practitioner (IP) turns the insolvent company’s assets into cash, and…

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Creditors vulnerable without winding-up petitions

By admin | Sep 29, 2020 | Comments Off on Creditors vulnerable without winding-up petitions
Creditors are vulnerable without statutory demands and winding-up petitions

The UK Government’s decision to extend the temporary restrictions on statutory demands and winding-up petitions for Covid-19 related debts until…

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Business rescue advice: administration vs CVL

By admin | Sep 21, 2020 | Comments Off on Business rescue advice: administration vs CVL
administrations are usually longer and more expensive than CVLs

When directors resolve not to rescue an insolvent company, an insolvency practitioner (IP) may recommend placing the company into administration.…

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Benefits of a creditors’ committee

By admin | Sep 14, 2020 | Comments Off on 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…

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Understanding your insolvency practitioner (IP) Part 2

By admin | Sep 7, 2020 | Comments Off on 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…

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