Insolvency & Law Blog

Directors guilty of BBL abuse face disqualification

By admin | Sep 7, 2021 | Comments Off on Directors guilty of BBL abuse face disqualification
Directors face disqualification for Bounce Back Loan (BBL) abuse

A few months back, we protested the Insolvency Service’s decision to chase the owners of failed businesses for failing to…

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Hardship for 100,000 SME construction firms

By admin | Jun 30, 2021 | Comments Off on Hardship for 100,000 SME construction firms
How British construction subcontractors can avoid bankruptcy and insolvency

Almost 100,000 small to medium-sized enterprises (SMEs) in the construction industry faced serious money problems in the first quarter of…

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Why chase failed SMEs for unpaid Bounce Back debt?

By admin | Jun 16, 2021 | Comments Off on Why chase failed SMEs for unpaid Bounce Back debt?
Why chase failed SMEs for Covid debts?

The Insolvency Service recently announced plans to investigate business owners who close down companies without repaying the government’s Bounce Back…

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Avoiding misfeasance claims in 2021

By admin | Nov 1, 2020 | Comments Off on Avoiding misfeasance claims in 2021
How company directors can avoid misfeacance claims in 2021

As the UK struggles to revive its debilitated economy, some directors of insolvent companies will find it difficult to avoid…

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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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