Publication Date 28 January 2020 Half a million UK businesses in 'significant financial distress' Share this Link to this item Share this item to Facebook Share this item to LinkedIn Tweet this item Google+ this item The number of businesses in the UK that are in ‘significant financial distress’ has risen to 494,000, according to research from insolvency firm Begbies Traynor.
Publication Date 24 January 2020 A brief guide to debt relief orders Share this Link to this item Share this item to Facebook Share this item to LinkedIn Tweet this item Google+ this item What is a debt relief order and when might it be suitable for someone with debt problems? David Kirk of Kirks explains what the benefits and risks are of DROs.
Publication Date 17 January 2020 Gratuitous alienations, good faith and adequate consideration under the Insolvency Act 1986 Share this Link to this item Share this item to Facebook Share this item to LinkedIn Tweet this item Google+ this item The Supreme Court has set out their view regarding Section 242 of the Insolvency Act 1986, ‘gratuitous alienations’, ‘good faith’ and ‘adequate consideration’. Iain Penman of Brodies details the case of MacDonald v Carnbroe Estates Limited.
Publication Date 15 January 2020 The Insolvency Service warns against fraudsters posing as Official Receivers Share this Link to this item Share this item to Facebook Share this item to LinkedIn Tweet this item Google+ this item The Insolvency Service has warned investors of schemes that have gone bust to be vigilant as fraudsters have been posing as Official Receivers. Find out how to keep yourself safe.
Publication Date 6 January 2020 Everything you need to know about debt management plans Share this Link to this item Share this item to Facebook Share this item to LinkedIn Tweet this item Google+ this item What is a debt management plan (DMP) and when might it be a good option for those in debt? Andy Shaw, Debt Advice Coordinator at StepChange Debt Charity, explains all you need to know.
Publication Date 12 December 2019 The pros and cons of pre-pack administration for insolvent companies Share this Link to this item Share this item to Facebook Share this item to LinkedIn Tweet this item Google+ this item What is a pre-pack administration? Carl Faulds of Portland Business Support and Advice explains how it could be a potential option for insolvent companies.
Publication Date 6 December 2019 SMEs with female board members are less likely to go insolvent research shows Share this Link to this item Share this item to Facebook Share this item to LinkedIn Tweet this item Google+ this item According to research by KSA Group, SMEs in the UK with mixed gender boards are less likely to become insolvent than those with all-male boards and all-female boards.
Publication Date 2 December 2019 What restrictions are there during bankruptcy? Share this Link to this item Share this item to Facebook Share this item to LinkedIn Tweet this item Google+ this item Once a debtor has entered bankruptcy, he or she has certain restrictions placed on their actions and conduct. Neil Dingley of Moore Recovery Stoke on Trent explains the restrictions on individuals during bankruptcy.
Publication Date 28 November 2019 The truth about bankruptcy: five common myths dispelled Share this Link to this item Share this item to Facebook Share this item to LinkedIn Tweet this item Google+ this item Bankruptcy is undoubtedly a stressful time for businesspeople. But it may not be quite scary as you think. Julian Donnelly of James Rosa Associates Ltd dispels some of the most common myths about the bankruptcy process.
Publication Date 27 November 2019 Can a winding up petition be stopped in Scotland? Share this Link to this item Share this item to Facebook Share this item to LinkedIn Tweet this item Google+ this item Can a winding up order be stopped in Scotland when a company is mistakenly thought to be insolvent? Christina Barr of Brodies LLP explains how section 147 of the Insolvency Act 1986 could offer a solution.