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NewsWe are looking for an Insolvency Professional to join our team. For further details and an informal chat please call Stella Flemmings on 01377 257788
We are looking for an Insolvency Professional to join our team. For further details and an informal chat please call Stella Flemmings on 01377 257788
Landlords are coming out fighting in the dispute between them and their tenants, as more tenants propose CVAs, the proposals of which allow them to write off historic unpaid rent. The British Property Federation have written to Alok Sharma asking him to end the moratorium which was introduced at the beginning of the Covid-19 pandemic. […]
At the start of the Covid-19 pandemic, the Government put several measures in place to help companies through. One of the measures was the suspension of wrongful trading. The threat of directors’ personal liability from wrongful trading was removed. While this suspension is in place, liquidators or administrators cannot take action against directors for liabilities […]
No Budget in November! Anyone looking to place their company into a solvent liquidation now has more time to prepare for the MVL process as there will be no change in capital gains tax in the Autumn. Don’t forget that the costs of our MVLs start from £995 + Disbursements + VAT.
A recent dispute resolution case saw a liquidator apply to the High Court for an order to enable them to access a director’s personal Google account. The liquidator had been told by one of the directors that the Google account contained the company records, ie emails and accounts etc and that all the company business […]
Last week the fashion retailer New Look had a CVA approved by its creditors, the terms of which allowed them to write off 6 months of unpaid rent. The current trend for retailers proposing CVAs is to force landlords into agreeing to link rents to turnover. Some landlords are arguing that certain retailers are using […]
The moratorium on evictions which was introduced in April, may have helped struggling businesses over the lockdown period, but has it been fair to the landlords? With the date for the end of the moratorium looming (30 September) restaurants are lobbying the Government asking for support in the form of a moratorium extension so that […]
The Government have approved a further three months for homeowners to apply for mortgage holidays. The deadline for applications is 31 October. Homeowners who take this option may be surprised when their payments resume as the interest will have accrued and the missed payments will have to be made up. Monthly payments may increase to […]
A distribution in a winding up made to an individual on or after 6 April 2016 will be treated as if it were a distribution where certain conditions are met. For the rule to apply, all of the following conditions must be met: Condition A – The individual receiving the distribution had at least a […]
It has been reported that up to £3.5bn of the £35.4bn paid out under the furlough scheme has been paid in error either by fraudulent claims and / mistakes made by HMRC or claimants. In addition, the Public Accounts Committee estimates that an additional £30bn was lost in 2019 due to tax payer fraud and […]
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