Insolvency & Law Blog

The looming insolvency crisis

By admin | Aug 9, 2022 | Comments Off on The looming insolvency crisis
A record number of corporate insolvencies in the first quarter of 2022 suggest the corporate sector faces a crisis

Back in May, we warned that a wave of company failures would hit UK firms in the latter half of…

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McDonald’s profits as UK restaurants flounder

By admin | Aug 2, 2022 | Comments Off on McDonald’s profits as UK restaurants flounder
McDonald's announced global profits while hiking selected menu items

American fast food chain McDonald’s recently announced plans to increase the price of some items on their UK menu. In…

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Are liquidation committees necessary?

By admin | Aug 2, 2022 | Comments Off on Are liquidation committees necessary?
Liquidation committees provide transparency and help to protect creditors' rights in liquidation procedures

Sometimes when a company is wound up via compulsory liquidation or creditors’ voluntary liquidation (CVL) a liquidation committee is formed…

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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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