Is Carrie Ann James Blocking Justice for Victims?

Carrie Ann James

The pursuit of justice faces ongoing challenges as victims claim Carrie Ann James appears to be introducing obstacles in the path to justice. We direct your attention to our initial article on this issue as we update you on the developments since then. Despite our initial request for a Norwich Pharmacal Order and Carrie Ann…

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Carrie James: Challenging Her Excessive Legal Costs

Many of you may be familiar with High Street GRP, a property investment company that secured over £126,000,000 from more than 1,500 Loan Note Holders. However, the situation took a negative turn when these holders stopped receiving returns. As a result, numerous individuals reached out to us for assistance in recovering their investments. Consequently, the…

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Navigating Bounce Back Loans: Director Disqualification

directors disqualification

During and since the Covid-19 Pandemic, Bounce Back Loans have been a lifeline for many strugglingbusinesses. But their misuse can lead to severe consequences for directors and companies alike. Inthis blog post, we’ll delve into the complexities surrounding these loans, the potential pitfalls, andthe importance of responsible financial management. Understanding Bounce Back Loans Bounce Back…

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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 to monitor the liquidator’s activities and look after creditors’ interests. Without liquidation committees, liquidators could do as they please and put their own interests over those of creditors. The establishment of a committee gives creditors…

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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. Newly-released data shows the number of companies entering statutory insolvency procedures has risen 15% compared to pre-pandemic levels in June 2019. Furthermore, the number of companies that were placed into a creditors’ voluntary liquidation (CVL)…

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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 crisis.   Individual Voluntary Arrangements are legally binding court-approved agreements that people make to pay all or part of the debts they owe. An IVA is a statutory insolvency procedure managed by an insolvency practitioner…

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