In conjunction with HM Treasury, the Insolvency Service has imposed a new fee structure for bankruptcies and compulsory liquidations which came into force on 21 July 2016. The objective behind the new fee structure is for the Insolvency Service to...
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The August issue of the Bretts Business Recovery newsletter is out now. Packed full with the latest business and insolvency news. To see a copy on-line please click here. Alternatively if you would like to receive our newsletter each month by email...
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The online Business Supermarket says there was a 13% increase in the number of winding up petitions filed by HMRC in the last year in order to close businesses and meet unpaid tax bills,. HMRC filed 3,484 winding up petitions in 2015, up from the...
Read more...The 6th of April saw the next big change in Bankruptcy Rules since the change in the required minimum debt level from £750 to £5,000 back in October last year. This latest change means when you will no longer have to go to court to apply for your...
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The Centre for Retail Research has analysed the main retail failures in the period since the recession. There are 24, with 11,056 stores affected and 127,134 employees. They range from Blacks Leisure in 2008 to Brantano in 2016. Woolworths was the...
Read more...Christopher John Etheridge, director of Staplehurst-based D&R Pike Crane Hire Ltd, has been disqualified for six years by the Department for Business, Innovation & Skills after an investigation by the Insolvency Service. The Insolvency...
Read more...Any appointed Liquidator (CVL) or Administrator is obliged to submit a report to the Secretary of State regarding the affairs of the insolvent Company and also the conduct of its directors. From 6 April 2016 the way in which insolvency...
Read more...BANKRUPTCY INDIVIDUAL VOLUNTARY ARRANGEMENT (IVA) Advice Free from Bretts Business Recovery Free from Bretts Business Recovery Bank Account Frozen initially and likely to lose if overdrawn May be retained provided...
Read more...BANKRUPTCY INDIVIDUAL VOLUNTARY ARRANGEMENT (IVA) Advice Free from Bretts Business Recovery Free from Bretts Business Recovery Bank Account Frozen initially and likely to lose if overdrawn May be retained provided...
Read more...If the official receiver considers that a bankrupt has acted dishonestly, or is blameworthy in some other way i.e. excessive gambling, they will report the facts to court and ask it to make a BRO. The court will consider this report and any other...
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