COVID-19 & Commercial Rent Arrears

The government has issued a policy statement on ring-fencing COVID-19 commercial rent debts and introducing binding arbitration. The moratorium on commercial property evictions will remain in place until 25 March 2022 while the government seeks to legislate to ring-fence COVID-related rent arrears and introduce a system of binding arbitration for landlords and tenants who cannot come to a negotiated settlement. Watch this space as it will be interesting to see what measures the Government introduce!!

For more information on bankruptcy, liquidation, administration and all the other insolvency procedures, or should you or your company be facing financial difficulties and you need to chat, please telephone Stella Flemmings on 01377 257788 and she will make you an appointment with one of our insolvency professionals at our Driffield, Hull, Grimsby, Scunthorpe or York offices.  Our initial meetings are free and without obligation.  Meetings can be held virtually or in any of our offices whilst observing the socially distancing guidelines.

Because we are an independent insolvency practice, we keep our overheads low and have put systems in place to deal with simple liquidations at an affordable price of from £1,995 + VAT + Disbursements.  Our MVLs are from £995 + VAT + Disbursements.

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