This is the Featured News section

On this page, you will find our most recent news articles from the last 6 months or so about what’s happening in the world of insolvency.

In the meantime, if you need our help and advice in any of our specialist insolvency areas, please contact us or call 0208 088 0633, for a FREE initial discussion.

What can Directors do if they receive a Winding Up Petition?

Posted 27th November 2023 by Craig in

Winding Up Petition

What can Directors do if they receive a Winding Up Petition?

In this article, we look at the processes involved in a Winding Up Petition being served and what happens when one is. The key thing is to take professional advice and then take swift action.

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Judge orders director of gift company to repay £43,500 via a Compensation Order for a falsely obtained Bounce Back Loan (BBL)

Posted 20th November 2023 by Craig in

Insolvency

Judge orders director of gift company to repay £43,500 via a Compensation Order for a falsely obtained Bounce Back Loan (BBL)

But what can directors who legitimately took out a BBL do if they cannot repay?

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UK Restaurant insolvencies rise by 46% in last 12 months

Posted 13th November 2023 by Craig in

Insolvencies

UK Restaurant insolvencies rise by 46% in last 12 months

Restaurant Insolvencies will continue to grow until interest rates and inflation fall considerably.

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Directors be Vigilant! Talk to your Accountant to understand a Director’s Loan Account and your potential Liabilities

Posted 1st November 2023 by Craig in

Director's Loan Account

Talk to your Accountant to understand a Director’s Loan Account and your potential Liabilities

If your company is liquidated, an overdrawn Director’s Loan Account and Illegal Dividends can lead to Liquidators’ Claims and even Director Disqualification

 

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