A leading independent Insolvency, Corporate Recovery and Turnaround practice based in Yorkshire and Lincolnshire
We offer a without obligation initial meeting for up to a day, free of charge at a client’s premises or our offices in Driffield, Scunthorpe or York at which the client’s financial circumstances will be reviewed and advice given.
For further information, or to arrange a free initial consultation, please contact Stella Flemmings and she will make you an appointment with one of our insolvency professionals.
Alternatively, please complete our online enquiry form and we will get back to you within 24 hours.
A recent Court decision brought by a liquidator for wrongful trading has found in the directors’ favour and has highlighted the grounds on which a liquidator can apply (under section 214 of the insolvency act 1986) to the Court for the directors to make a contribution to the company’s assets.
Individuals now need to apply for their bankruptcy online. The cost is £680 which can be paid online in instalments. An adjudicator will assess the information supplied online and will then make the order.
The numbers of directors disqualified in the previous 12 months has risen slightly to 1,156. The average length of disqualification was 5.9 years and 11% of all disqualifications during the last year were for over 10 years.