INSOLVENCY & LAW
Insolvency & Law Articles
The UK construction industry writes off £2bn annually of bad debt
According to a report released earlier this year from Bibby Financial Services, the UK construction industry has a very serious…
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…
F1 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…
Insolvency & Law nominated for “Insolvency and restructuring firm of the year 2015
Insolvency & Law are proud to announce that we have been shortlisted for the prestigious “Lawyer Monthly Legal Awards 2015”…
Top 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In June 2010, we posted an article explaining how to get winding up petitions dismissed and withdrawn and another,…
Olympics 2012 Builder’s CVA is Attempt to Hide Insolvency
A construction firm that helped build the London 2012 athletes’ village has been forced to file for a Company Voluntary…
Poor Policing Leaves HMRC Exposed
I strongly disagree with the Insolvency Service’s recent claim the organisation ‘…does not hesitate to punish irresponsible directors.’
Informal Corporate Insolvency Debt Costs Creditors £5bn Every Year
An investigation into millions of collapsed British companies has found that every year, around £5bn of unpaid ‘hidden debt’ is…
Insolvency Regulation in Desperate Need of a Revamp
In July 2010, I called for an urgent review of insolvency regulation, and more than two years later there is…
Comet Administration a Wakeup Call for Zombie Companies
In December 2010, I warned that struggling businesses that relied on Christmas trade to maintain solvency were asking for trouble.
Dodgy Football Fat Cats like Peter Ridsdale Must Be Punished
Last month, the Insolvency Service banned football club chairman Peter Ridsdale (pictured) from holding company directorships for seven-and-a-half years. Under…
HMRC 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…
HMRC Targets SMEs, But Ignores Corporate Tax-Dodgers
Restaurateurs and other small business owners are being targeted by HM Revenue & Customs (HMRC) as part of a national…
Why Didn’t Insolvency Service Prosecute MG Rover’s Phoenix Four?
The former directors of MG Rover Group (MGRG), who pocketed over £40 million as the company spiralled into administration, should…
£200,000 Chantrey Vellacott Thief Should Have Gone to Prison
Garry Hacker, an insolvency practitioner who stole over £200,000 from clients and insolvency estates and put the money into his…
How to Protect Customer Deposits Without New Legislation
Britain must have new legislation to ensure cash from deposits and voucher sales is returned to customers when a retailer…