Insolvency & Law Blog

Police and financers warn of online bank fraud

By admin | Jul 5, 2022 | Comments Off on Police and financers warn of online bank fraud
Lobby group UK Finance note a record increase in the amount of money UK customers lost to online bank fraud in 2021

Bank customers lost a record £1.3 billion to online scams last year, according to lobby group UK Finance. In 2021,…

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Prepare for the zombie company storm

By admin | Jul 5, 2022 | Comments Off on Prepare for the zombie company storm
Zombie companies harm other businesses because they trade while insolvent

Directors and business owners should expect to see the beginning of the pandemic fallout during the second half of 2022.…

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Is the director disqualification process futile?

By admin | Jul 5, 2022 | Comments Off on Is the director disqualification process futile?
There is no evidence that disqualification is sufficient punishment for a devious company director

In March 2022, P&O Ferries’ chief executive Peter Hebblethwaite brutally dismissed 800 workers without the consultation required under UK law.…

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Dark Side of Liquidation

By admin | Jun 15, 2022 | Comments Off on Dark Side of Liquidation
Support for unsecured creditors in liquidations is scarce

When a limited company enters liquidation, for whatever reason, revenue from the sale of the company’s assets is redistributed amongst…

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FCA and FSCS: “Investors should do more research”

By admin | Jun 1, 2022 | Comments Off on FCA and FSCS: “Investors should do more research”
FCA and FSCS say investors must conduct more research to protect themselves against online scams

A survey by the Financial Services Compensation Scheme (FSCS) and Financial Conduct Authority (FCA) found that many investors avoid doing…

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How to avoid the debt tsunami

By admin | May 27, 2022 | Comments Off on How to avoid the debt tsunami
A rise in corporate insolvencies in 2022 suggests that business are facing a tsunami of post-pandemic debt

According to the Insolvency Service, there was a 115% increase in corporate insolvencies last month, compared to the same period…

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How to obtain winding-up orders and petitions in 2022

By admin | May 27, 2022 | Comments Off on How to obtain winding-up orders and petitions in 2022
Advice and guidance on the serving, issuing, and obtaining of winding-up petitions and orders

Following the lifting of the Government’s CIGA 2020 restrictions last month, creditors are once again free to present winding-up petitions…

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