Hurricane – stopped in its tracks!

The Restructuring Plan (RP) procedure was one of the Government support plans and was introduced in June 2020. Hurricane Energy, which is facing financial difficulties for several reasons, has been the first company to have their application for a RP to be denied by the Court. The directors are now considering whether to appeal the […]

Insolvency Statistics ….

The Insolvency Service have just published the insolvency figures for May 2021, these show that the there has been a 7% rise in the numbers of corporate insolvencies from May 2020. The number of corporate insolvencies are still well below the pre-pandemic levels which is evidence that the success of the Government support measures. The […]

Pay it back or face a longer sentence

A “so called” tax consultant has been found guilty of stealing almost £7m from individuals in the construction industry. Former Inland Revenue employee Mike Hughes, who is already in jail after receiving a sentence of over nine years in 2018 for conspiracy to cheat the public revenue, false accounting and money laundering, operated a payroll […]

A warning to creditors …

R3 (the trade association for the UK’s insolvency and restructuring professionals) have recently reported that they have had several complaints from creditors of insolvent companies that they have been targeted by companies claiming to have investigated the insolvent company and offering to collect the creditor’s debt. They charge an up front fee but have no […]

Meet Charlotte

Charlotte is the newest member of our team in Driffield who has just completed an Introduction to Insolvency course. We look forward to helping Charlotte progress in her career in insolvency. For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or to take advantage of our free consultation and business health […]