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 [...]
If I win, what compensation can I expect?
Most people who’ve had an injury want to know how much they could win before they make a claim, this is known as compensation. Sometimes the extra hassle of involving [...]
How do I legally become self-employed?
There are over 4 million self-employed in the UK and with the gig economy rising this is only set to continue to rise. Ensuring you have the correct setup for [...]
The Problem with Late Payments
Late payment of invoices is one of the biggest problems businesses face according to the Bank Automated Clearance Scheme (“BACS”). In a 2017 study, BACS found that SMEs were collectively [...]
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 [...]
What is the debt respite scheme?
From May 2021 new debt respite regulations came into force The Scheme aims to give someone who has a problem debt the right to legal protection from their creditors and [...]
Summary Judgment: One of the most powerful tools in a Litigation armoury
Background A court judgment is a finding for a party without a full trial of the issues and hearing of evidence. It’s given on the basis that the claim, defence, [...]
Rent arrear protection for commercial tenants under review
As the Country entered lockdown in March 2020, the Government introduced various measures in response to the COVID-19 pandemic. Many focused on giving commercial tenants temporary protections to assist during [...]
What effect has the pandemic had on late payments?
Evidence shows that the Covid-19 pandemic has exacerbated a culture of longstanding late payment problems for UK businesses. Research by the Institute of Directors has identified that almost two in [...]