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Tim Francis
 

Furlough or forlorn? Employee issues post insolvency

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A great deal of uncertainty has been created in recent weeks as a result of the unprecedented measures employed to aid businesses in their response to the novel Coronavirus. Among the most notable is the Coronavirus Job Retention Scheme (JRS), which allows...

Companies House insolvency filings: easing the burden on insolvency practitioners

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In response to the Coronavirus pandemic, the Insolvency Service released a bulletin yesterday announcing temporary changes to delivery requirements for statutory insolvency forms. As a result of these amendments, practitioners will now be able to send such...

Disguised problems for businesses facing adjourned winding-up petitions?

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With much-needed emergency legislation and guidance still on the horizon, the High Court conducted its first remote hearings of the Companies Court Winding-up List yesterday. We heard last week that the judiciary had postponed list hearings by...

Government changes to insolvency law not as clear-cut as they seem

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Domestic business has already been severely impacted by the spread of the Coronavirus. With ministers announcing that restrictive ‘lockdown’ measures may well persist for up to six months, the government has been forced to consider...

Debenhams crisis: suppliers have options to consider

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Despite reassurances from Debenhams’ chairman and CEO, suppliers of the department store will be understandably concerned by the recent press coverage of its woes. After all, it is common for suppliers of large retailers to suffer when those retailers...

Can a charge-holder appoint an administrator after a company has been wound up?

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Ordinarily, once a company is wound up there is a ban on the appointment of an administrator. However, there is a rarely used exception in the Insolvency Act 1986, Paragraph 37 of Schedule B1, which allows a qualifying charge-holder to apply to the court...

Why are fixed and floating charges necessary?

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Francis Wilks & Jones is regularly instructed to advise lenders in the alternative finance market. This includes Asset Based Lenders (ABLs), platform finance providers and private lenders. The most important thing to any lender is ensuring that risk is...