Category: Insolvency
Corporate Insolvency and Governance Act 2020 Video
Corporate Insolvency and Governance Act 2020 Video The Corporate Insolvency and Governance Act 2020 has introduced a new standalone moratorium procedure for companies and it became law on 25th of…
Financial worries increase for charity sector
An increasing number of UK charities are facing significant financial issues, spurred on by so-called ‘cessation debts’ – which may require some charities to pay six-figure sums in defined-benefit pension schemes. The fears are a…
Report reveals personal insolvencies are expected to increase in 2017
A new analysis of the UK’s insolvency landscape suggests that personal insolvencies will rise by as much as 30 per…
Research reveals scale of distressed businesses
New research suggests that a worrying number of British businesses fear that they would face closure within less than a year if their venture encountered a ‘critical event’ – such…
No company is safe from bankruptcy – Insolvency practitioner goes bust
A company which specialises in dealing with personal debt and business recovery has filed for corporate insolvency – proving that no business is safe from potential collapse. Invocas Group PLC,…
Entrepreneurs’ relief changes lead to a busy period for Insolvency Practitioners
New research by insolvency trade body R3 has revealed that a record number of solvent companies were wound-up via a Members Voluntary Liquidations as a…
Personal insolvency figures reveal third quarter spike
Latest government figures show that the number of insolvencies has increased by a fifth between July and September 2016. Numbers published by The Insolvency Services show that during this period there were 24,251 personal insolvencies…
List reveals ‘Who’s Gone Bust in Retailing’
It is the list that no company would ever choose to see their name associated with, but sadly a number…
UK borrowing rises at fastest rate in more than a decade
The value of credit cards, personal loans and overdrafts in the UK grew by nearly 9.9 per cent in the year to May 2016. This figures have been released in a report from the debt…
Report highlights the different factors between male and female bankruptcy
A new report from insolvency trade body, R3, has highlighted the different factors that cause men and women to enter bankruptcy. By utilising official statistics from the Insolvency Service, R3…