A More Punitive Regime for Delinquent Directors
Categories for Insolvency Reviews & Advice
A More Punitive Regime for Delinquent Directors
A More Punitive Regime for Delinquent Directors On 26 March 2015 the Deregulation Bill and the Small Business, Enterprise and Employment Bill were enacted. The measures in the new Acts will be phased in over the next 12 months. According...
Read moreA Rise in Fees for Civil Money Claims
A Huge Rise in the Fees for Issuing Money Claims It has been announced that the House of Lords have just approved the governments revisions to the costs of issuing money claims resulting in huge rises in the cost of...
Read moreGovernment Performs U-Turn on Jackson Reforms for Companies in Insolvency
Government Performs U-Turn on Jackson Reforms for Companies in Insolvency It has been announced that the exemption for insolvency cases from the proposed Jackson Reforms has been extended indefinitely after the Ministry of Justice caved under the pressure from various...
Read moreHow Do Pre-Packs Differ From Other Insolvency Sales?
Pre-Packs - How do they differ from other insolvency sales, and how do I know if I need one? The most common insolvency procedures for companies are administration and liquidation. In administration, the insolvent company is protected from creditors whilst...
Read moreTop 5 Pre Pack Administration – Q & A’s
Top 5 Pre Pack Administration - Questions and Answers 1. What is a pre-pack administration and how does it differ from a normal company administration? The Association of Business Recovery Professionals defines a pre-pack sale as, "an arrangement under...
Read moreSIP 16 Revisions Likely to Kill Off Pre-Packs?
Less Pre-Packs Likely Due Greater Regulation… Insolvency Practitioners (“IP’s”) up and down the country have been issued with revised draft versions of the Statement of Insolvency Practice 16 (“SIP 16”) this month, being the regulation statement for pre packaged sales...
Read moreChristmas is a Bust For Lawrence Llewelyn-Bowen
Christmas is a bust for Lawrence Llewelyn-Bowen - But how can new ventures be a success? Lawrence Llewelyn-Bowen’s Birmingham based Christmas company Magical Journeys Limited has been placed into Liquidation owing creditors approximately £875,000. The festive attraction closed down shortly...
Read moreMy Top 3 Predictions for 2015
My Top 3 Predictions for 2015 Many of us will be hoping that 2015 will be a good year, whether or not you are hoping to turnaround a bad last year or simply improve on a profitable one. Therefore...
Read moreMost New Firms Fail Within 5 Years
Most New First Fail Within 5 Years The latest figures at Companies House indicate that despite an uplift in the one year survival rate for new firms, the majority still fail to survive beyond five years. Barriers to growth prevent...
Read more