Part of the Bretts Business Recovery’s ethos has always been to help the local business community. As insolvency practitioners and business recovery specialists we often see the common pitfalls experienced by businesses but we also see what can...
Read more...
Wrongful trading is a type of civil wrong found in UK insolvency law, under Section 214 Insolvency Act 1986. It was introduced to enable contributions to be obtained for the benefit of creditors from those responsible for mismanagement of the...
Read more...
Having recently incorporated the business of Saud & Co, insolvency practitioners in Bexleyheath, Bretts are continuing their expansion efforts. Bretts Business Recovery is delighted to announce they will be opening a new office in Essex....
Read more...
David Parker, a tax accountant and business manager with 1980's pop band UB40, and the group’s bass player Earl Acton Falconer, have been banned from being company directors along with Lanval Reginald Storrod, who were directors of Reflex...
Read more...
Once made bankrupt, the Official Receiver becomes the Trustee to deal with the bankruptcy estate. All of your assets vest with the Trustee in the bankruptcy. Although Mr Becker claims that he has means to repay the debt, the bankruptcy shall...
Read more...
The veteran tennis champion Boris Becker has been declared bankrupt following a catalogue of financial problems going back several years. Becker’s remaining assets and property will be disposed of to pay off his creditors following the bankruptcy...
Read more...
Case Study – Bankruptcy Restrictions Order. 12-year bankruptcy restriction given after man received £8.5million from investors for failed spread betting scheme. What is a Bankruptcy Restriction Order (“BRO”)? Firstly what is a bankruptcy...
Read more...
Bankruptcy Restriction Orders (“BROs”) Introduction A BRO can be applied for within one year of the Bankruptcy Order being made or after one year with the permission of the Court. Only the Official Receiver or the Secretary of State can...
Read more...
John Barrie Wilson, a solicitor has been suspended indefinitely after breaching conduct rules by preferring his bank as a creditor over HMRC (Her Majesty’s Revenue & Customs), leaving the Exchequer a shortfall of hundreds of thousands of...
Read more...
First quarter of 2017 reveals an increase in insolvencies. The most recent Insolvency statistics have been distributed by the Insolvency Service for the first quarter of 2017. Company Insolvencies They demonstrate an expansion in total...
Read more...