The latest round of litigation reforms will in effect abolish the recoverability of legal success fees (CFAs) and after-the-event insurance (ATE) from losing defendants. The knock on effects will effect both creditors and the HMRC. The Ministry...
Read more...A study of insolvency statistics for England and Wales 2014, from R3 the insolvency trade body has shown that women are more likely to become insolvent than men. This is most likely due to changes in the insolvency system, which makes it easier...
Read more...Insolvency Practitioner required for established Company based in Kent. Role Responsibilities: Business Development, building your own network of referral partners being proactive in moving the company forward. Client facing able to give...
Read more...Individual Voluntary Arrangement (“IVA”) An alternative to Bankruptcy is an Individual Voluntary Arrangement (IVA) which is a legally binding agreement between a debtor and his/her creditors whereby the debtor repays all or part of their debt...
Read more...Findings from R3’s latest ‘zombie companies’ survey (August 2014), show that the number of companies just paying the interest on their debts has increased from 103,000 in November 2013 to 154,000 in August 2014. This is the highest number of...
Read more...Zombie companies are businesses that, although generating cash, are unable to attract enough investment to start paying off their debts. After covering running costs, fixed costs (wages, rates, rent) they only have enough funds left to pay off the...
Read more...The last people who may become aware of the closure of a company are quite often the employees, the very people who have been tirelessly working to keep things moving.Employees, often living hand to mouth, suddenly have no income. This can have...
Read more...The company we have recently been called to advise has traded profitably in past years and continues to do so. In 2011 the company took part in a tax avoidance scheme which was disclosed to HMRC under the DOTAS regime and given a scheme number. ...
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