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Bankruptcy tourism – not as easy as you think!

Th High Court has recently dismissed two bankruptcy petitions made by Irish nationals who could not convince the court that their centre’s of main interest (COMI) were in England. In the matter of Brian O’Donnell & Mary Patricia O’Donnell v The Governor and Company of the Bank of Ireland [2012] EWCH 3749 (Ch) (21 December […]

Update from a Driffield based insolvency practitioner!

On 21 September 2012, Andrew Nichols and John Butler of Redman Nichols Butler were appointed joint liquidators of a Scarborough based restaurant / bar. The liquidation is being dealt with by Andrew Nichols at our Driffield office.  Andrew regularly advises businesses in East Yorkshire and the East Coast areas. A copy of the annual report […]

Latest Insolvency Figures!

The Insolvency Service have recently published the insolvency figures for the third quarter of 2013. Corporate Insolvencies The figures show that there has been a slight decrease in the number of corporate insolvencies on the previous quarter in England and Wales. The number of comapny liquidations for the third quarter of 2013 is 3,875, of […]

Funding the recovery….beware of liberating pension funds

Members of the public are continually being targeted by companies encouraging them to tap into their pension and release a percentage of the pot early. Some of these companies are even sending text messages to people over 55 encouraging them to access a percentage of their pension calling them ‘pension liberation schemes’.  These schemes are […]

Merry Christmas and Happy New Year

We would like to wish all visitors to our site a very Merry Christmas and a Happy New Year! Please note that the office will be open throughout the Christmas period with the exception of Christmas Day, Boxing Day and New Years Day.

Bank accounts for bankrupts – it could get easier!

One of the problems facing bankrupts is the fact that many banks will not let them open accounts. Since September 2012, only Barclays bank has offered a basic account to undischarged bankrupts.  This makes it difficult for bankrupts to manage their finances properly in terms of wages, paying bills and even obtaining benefits. Historically, banks […]