Insolvency & Law Blog

Olympics 2012 Builder’s CVA is Attempt to Hide Insolvency

By | Dec 14, 2012 | Comments Off on Olympics 2012 Builder’s CVA is Attempt to Hide Insolvency
CVA for Builders of the Olympic 2012 Athletes Village, MPG

A construction firm that helped build the London 2012 athletes’ village has been forced to file for a Company Voluntary…

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Poor Policing Leaves HMRC Exposed

By | Dec 14, 2012 | Comments Off on Poor Policing Leaves HMRC Exposed
Insolvency Service Leaves HMRC Exposed

I strongly disagree with the Insolvency Service’s recent claim the organisation ‘…does not hesitate to punish irresponsible directors.’

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Informal Corporate Insolvency Debt Costs Creditors £5bn Every Year

By | Dec 6, 2012 | Comments Off on Informal Corporate Insolvency Debt Costs Creditors £5bn Every Year
Informal Insolvency, voluntary strike off and dissolve company

An investigation into millions of collapsed British companies has found that every year, around £5bn of unpaid ‘hidden debt’ is…

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Insolvency Regulation in Desperate Need of a Revamp

By | Nov 29, 2012 | Comments Off on Insolvency Regulation in Desperate Need of a Revamp
Miss Sixty, Peter Hollis and Connaught Asset Management

In July 2010, I called for an urgent review of insolvency regulation, and more than two years later there is…

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Comet Administration a Wakeup Call for Zombie Companies

By | Nov 29, 2012 | Comments Off on Comet Administration a Wakeup Call for Zombie Companies
Comet falls into administration

In December 2010, I warned that struggling businesses that relied on Christmas trade to maintain solvency were asking for trouble.

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Dodgy Football Fat Cats like Peter Ridsdale Must Be Punished

By | Nov 22, 2012 | Comments Off on Dodgy Football Fat Cats like Peter Ridsdale Must Be Punished
Banned Director Peter Risdale

Last month, the Insolvency Service banned football club chairman Peter Ridsdale (pictured) from holding company directorships for seven-and-a-half years. Under…

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HMRC Exhausted from Issuing Winding-Up Petitions

By | Nov 22, 2012 | Comments Off on HMRC Exhausted from Issuing Winding-Up Petitions
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…

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