Services
People
News and Events
Other
Blogs

Insolvency

 

Debenhams crisis: suppliers have options to consider

Tim Francis
  • Posted
  • Author

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...

Cryptocurrency and the future issues facing the insolvency profession

Christopher Ahearne
  • Posted
  • Author

How do you trace digital currency as an asset when it is designed to avoid tracking? How do you ensure the full and ongoing cooperation of pursued individuals in order to identify and liquidate digital currency? Do creditors always have a proprietary claim to digital assets?

Carillion liquidation: insolvency and where does my business go?

Stephen Downie
  • Posted
  • Author

Following the liquidation of Carillion and its five associated companies (although more may yet fold) there are undoubtedly similar insolvency risks for SMEs with large debts outstanding and unpaid, and individuals in similar circumstances. The prospect...

Carillion liquidation and pension concerns

Stephen Downie
  • Posted
  • Author

The Carillion pension scheme is a final salary/defined benefit scheme which provides a final salary to employees dependent on their period of service and contributions.  This is a type of scheme which was traditionally used by large companies in the UK...

Carillion liquidation: recovery of your debts and losses

Stephen Downie
  • Posted
  • Author

The recent and well-publicised liquidation of Carillion Plc (and a number of connected companies) has left everyone surprised, including public commentators concerned as to why projects were given to Carillion, political commentators on the future of PFI, ...

Carillion liquidation: what does this mean?

Stephen Downie
  • Posted
  • Author

Carillion Plc and five associated companies have been placed into liquidation following a petition presented to Court.  This is often referred to as a “compulsory liquidation” where a creditor forces the liquidation of a company, as opposed...

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

Tim Francis
  • Posted
  • Author

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...

Offer to Insolvency Practitioners (Before its too late)

  • Posted

The ability to recover premiums due on After the Event Insurance in insolvency claims, and the ability to recover the uplifted "success fee" under a Conditional Fee Agreement with a solicitor in insolvency claims, will no longer...

Lord Jackson States LASPO Insolvency Exemption Should End

  • Posted

Lord Jackson has announced that the insolvency exemption to the changes introduced by the Legal Aid, Sentencing and Punishment of Offenders Act 2012 ("LASPO"), which removed the recovery of "no win no fee" legal cost agreements with...

URGENT: Changes affecting Insolvency Practitioners and Directors from today

  • Posted

As from today Regulations have introduced the key provisions of the Small Business, Enterprise and Employment Act 2015 (“the Act”) as regards its affect on Directors and Insolvency Practitioners.  This introduces very...

  • Page 1 of 5