This is the Insolvency News section

On this page, you will find news about all things 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.

Over 6,000 Licensed Premises closed in the UK during 2023, and the trend is continuing into 2024.

Posted 29th February 2024 by Craig in

Insolvency Practitioners

Over 6,000 Licensed Premises closed in the UK during 2023, and the trend is continuing into 2024.

UK Hospitality is calling for 3 Key actions to support the hospitality industry. But how can Insolvency Practitioners help already struggling businesses?

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The Government is continuing with its hard line against Bounce Back Loan (BBL) fraud and misuse

Posted 15th February 2024 by Craig in

Bounce Back Loans

The Government is continuing with its hard line against Bounce Back Loan (BBL) fraud and misuse

Suspended prison sentence and £10,000 repayment compensation order for businessman

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Creditors Voluntary Liquidations (“CVL”) grew by 9% in 2023, reaching the highest figure since records began. What are the advantages of a CVL?

Posted 31st January 2024 by Craig in

Creditors Voluntary Liquidation

What are the Advantages of a Creditors Voluntary Liquidation (“CVL”)?

With record levels of CVLs in 2023, it is worth knowing that there is more to a CVL than the removal of creditor pressure, the prevention of legal action and the clearing of unsecured debt. Plus, a CVL does not necessarily mean a director will never work again.

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The Key Signs of Financial Distress

Posted 29th January 2024 by Craig in

Financial Distress

The Key Signs of Financial Distress

We always say taking early action is vital, but directors must know what to look for first.

 

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