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...
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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...
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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...
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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...
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We often get asked when dealing with creditors in insolvency situations, what the order of priority is for payments. Who ranks above whom? Where does the bank and HMRC rank? If the bank has security, do employees rank ahead of them? The simplest...
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A biochemical firm manufacturing eco-friendly cleaning products with 14 staff has been saved with a pre-packaged administration deal managed by Bretts Business Recovery. The firm was incorporated in 1996 and was run by a sole Director and...
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A Director from a civil engineering and plant hire firm in Northern Ireland has been disqualified for six years in respect of his conduct as a director. Michael Fleville & Sons plant hire entered liquidation on 18 July, 2014, with estimated...
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From 6th April 2017 the new insolvency rules come into effect, these changes will no doubt have significant impact on the Insolvency profession. The changes have been brought about to increase creditor engagement and to streamline the profession....
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A few weeks ago we were delighted to report that Bretts Business Recovery was shortlisted for three categories in this year’s KWIB Awards (Kent Women in Business Awards). Isobel Brett, Director along with Bretts Business Recovery were finalists...
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Owain George is the former landlord of The Albion in Clifton Village and former Bristol Mayor candidate has been disqualified from being a director following the failure to pay HMRC. George stood as an independent candidate for Bristol mayor in...
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