Why AI could push more small businesses towards insolvency
By Nitin Joshi, Partner Antony Batty & Company This article looks at how the rapid rise of artificial intelligence is creating two distinct risks for company directors, the risk of being out-competed by AI-enabled rivals, and the risk of over-investing in AI. Either way the effect of the AI insolvency risk to a business could […]
Transactions at Undervalue: What they are and why Directors must avoid them
This is the third article in our series looking at how Insolvency Practitioners work and the legal framework behind financial distress. In the first, we looked at why asset valuations sit at the heart of every insolvency process. In the second, we turned to preferences in insolvency, one of the four duties directors must avoid […]
Preferences in Insolvency: What they are and why Directors must avoid them.
This is the second article in our series looking at how Insolvency Practitioners work and the legal framework behind financial distress. In the first, we looked at why asset valuations sit at the heart of every insolvency process. This time we turn to a different area: the duties placed on directors of a company that […]
Redundancy Pay at Insolvency: Evidence that Directors’ Claims are facing increased scrutiny by the Redundancy Payments Service
Redundancy Pay – Did you know the Government will pay if the Company you work for goes out of business?
We can talk to employees of businesses facing financial difficulties to give them practical help and guidance.
In the Nicest Way, I Don’t Want to See You Again!*
Preventing Multiple Liquidations and Avoiding Director Disqualification Multiple liquidations can lead to an Insolvency Service investigation and possible Director Disqualification for directors breaching their duties. As a director at a firm of Insolvency Practitioners, my primary goal is to help businesses navigate through financial distress and, when necessary, guide them through the liquidation process. However, […]
Company insolvency and directors – things you wanted to know but were afraid of asking*
What are the key responsibilities of directors? What do they need to look out for when insolvency looms? Nitin Joshi, one of our partners, has worked in insolvency for over 40 years and in that time, he has seen pretty much everything you can in the world of insolvency. In this article he answers the […]
Fines, prison sentences and Director Disqualification for directors who abused the Bounce Back Loan Scheme
Director Disqualification, fines and prison sentences for directors who abused the Bounce Back Loan Scheme
Licensed insolvency practitioner Antony Batty advises directors to take early, formal advice if they are struggling to repay a BBL.
Overtrading V Wrongful Trading: what are the key differences?
Overtrading V Wrongful Trading: what are the key differences?
How can Insolvency Practitioners help directors avoid Overtrading and Wrongful Trading?
Is ignorance bliss? Why it is important for directors to document their actions if concerned they are insolvent.
It is important for directors to document their actions at insolvency.
Directors must comply with their duties as stated in the Companies Act 2006. Failure to do so can have serious consequences.
The Improper use of Customers’ Deposits
The Improper use of Customers’ Deposits
This is a ‘red flag’ offence at Insolvency. Our Insolvency Practitioners explain why and look at some examples.
