Corporate Insolvencies jump by over 80% in Q2 2022
Insolvencies up by over 80% in Q2 2022
The difficulties caused by Covid-19, rapidly rising inflation, supply chain difficulties and increasing interest rates are the key causes of the highest quarterly level of Creditors Voluntary Liquidations (Q2 2022) since 1960.
Are you in control of your cash flow?
Are you in control of your cash flow?
A guide for Businesses in Distress by our Insolvency Practitioners. We help businesses avoid insolvency with cash flow forecasting
Directors beware – It is not just business loans from banks that require Personal Guarantees
Directors beware – It is not just business loans from banks that require Personal Guarantees
Personal Guarantees are everywhere in Business. Directors must be vigilant.
HMRC’s Preferential Creditor Status and Preference Payments to Creditors
HMRC’s Preferential Creditor Status and Preference Payments to Creditors
Directors Beware! Do you know what HMRC’s preferential creditor status means for you in insolvency?
Directors must remain vigilant to avoid Wrongful Trading
Directors must remain vigilant to avoid Wrongful Trading
The Covid-19 related suspension of Wrongful Trading Provisions ended on 30th June 2021, however the related business difficulties are still with us.
Insolvency, Personal Liability and Personal Guarantees on Commercial Leases
Insolvency, Personal Liability and Personal Guarantees on Commercial Leases
Personal Guarantees for Company Leases (or any type of loan) can lead to serious consequences for the Guarantor. What are the issues and how can Insolvency Practitioners help?
New Legislation over Company Dissolution that Directors Need to Understand About Bounce Back Loans and other Covid Funding.
New legislation for dissolved companies. Directors can now be investigated.
Directors of Dissolved Companies can now be investigated by the Insolvency Service risking director disqualification and personal liability.
How can a Company with an outstanding Bounce Back Loan be closed?
How can a Company with an outstanding Bounce Back Loan be closed?
A Creditors Voluntary Liquidation must be used to close a limited company with an outstanding bounce back loan. Dissolution cannot be used.
Government announces that temporary insolvency restrictions will end in October
Government announces that temporary insolvency restrictions will end in October.
There is increasing pressure from creditors to issue winding up petitions and we are expecting a significant increase in insolvencies in the coming months.
Insolvency Service gets new retrospective powers to investigate directors of dissolved companies and combat Bounce Back Loan Fraud
Insolvency Service gets new retrospective powers to investigate directors of dissolved companies and combat Bounce Back Loan Fraud.
This is the first piece of legislation in this area following the 2021 Budget. Director Disqualification might be an outcome.
