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. Currently, Britain’s economy is operating with a dangerously high number of zombies, insolvent companies that: Earn just enough money to continue trading Are unable to pay off their debt This miserable and worrisome situation is…

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Insolvency and debt recovery specialists

Insolvency & Law successfully obtained winding up orders whilst the Government's insolvency restrictions were in place

Last month, the Government lifted the insolvency restrictions introduced to combat the Covid-19 pandemic. In particular, the repeal of Section 10 of the Corporate Insolvency and Governance Act 2020 (CIGA) should please creditors. Creditors were still able to obtain winding-up orders. However, Section 10 of the act compelled them to: Only pursue debts of £10,000…

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