Late payment culture is at an all time high
The global Pandemic has impacted late payments with businesses being subjected to delayed or frozen payments. This appears to have had a major effect on SME-type businesses, which are struggling [...]
New laws and codes to resolve remaining COVID-19 commercial rent debts
New laws and a Code of Practice are being introduced to resolve the remaining commercial rent debts accrued because of the pandemic. Business Secretary Kwasi Kwarteng announced on Tuesday 9 [...]
Santa’s naughty and nice list of Vexatious litigants
Did you know that HM Courts and Tribunal Services holds a list of people classed as vexatious litigants? They are banned from starting court cases without permission! Vexatious litigants are [...]
What are my rights as a Consumer in Insolvency?
Well over a million consumers in the UK have been affected by energy suppliers going bust. The rising costs of wholesale gas are putting pressure on the suppliers, who cannot [...]
Director Disqualified
A former director is serving a 7-year disqualification sentence for failure to keep adequate company records John Thomas Hanbury, 63, faces the following repercussions for failing to keep adequate [...]
What is Wrongful Trading?
Wrongful Trading was introduced by The Insolvency Act of 1986 to build on the notion of fraudulent trading. It’s a much more common offense, as it's not a criminal act [...]
The Insolvency Service takes Action Against Businesses Abusing COVID-19 Financial Support
Government and insolvency services have announced that they will take action against businesses that have incorrectly used the financial support available during the COVID-19 pandemic. There have been many cases [...]
Winding-Up Proceedings and the Pandemic
Courts have regularly stressed that a winding-up petition should not be presented by a creditor against a company as a means of collecting a debt. There is no doubt that [...]
Winding-Up Proceedings
Winding-up proceedings can begin if the debtor company owes more than £750 and is not disputing the debt. This process is known as compulsory liquidation. The first step in the process [...]
The Routes to Recovery
Iain Bould, our Head of Litigation, breaks down the routes to debt recovery Pre-Action Collection We will act fast to send a Letter Before Action “LBA” or Preaction protocol [...]