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Insolvency Service

Insolvency Service

Fines against IPs increase fivefold in 2011

Fines against insolvency practitioners increase nearly five times in 2011 compared with 2010

16 May 2012

Insolvency Service

21 IPs reported for pre-pack non-compliance in 2011

Non-compliance of pre-packs sees 21 practitioners reported in 2011 compared to just 15 in 2010.

15 May 2012

Marching feet

Insolvency's 'disciplined' future will benefit stakeholders

Common guidance to reprimanding IPs could bring greater transparency, but does a highly regulated profession need more guidelines?

08 May 2012

Personal insolvencies continue downward trend

Bankruptcies fall compared to same period last year but Debt Relief Orders and IVAs continue to grow in popularity

04 May 2012

Corporate insolvencies fall 1.8% on last year

Nearly 1,300 corporate insolvencies in Q1 2012, according to the Insolvency Service

04 May 2012

Insolvency profession to unite on disciplinary measures

Draft proposals on a common approach to reprimanding practitioners will be discussed at next meeting of licensing bodies and regulator

01 May 2012

Personal insolvencies down in 2011

There were 16,871 company liquidations in 2011 - an increase of 5.1% on 2010

03 Feb 2012

High Court judge warns against bankruptcy proposals

Stephen Baister warns that government's bankruptcy proposals will fail to remove cost from the process, and has serious implications for the judiciary process

19 Jan 2012

Insolvency reform - don't cut out the courts

Using unqualified adjudicators on bankruptcies will add cost, and offer a quasi-judiciary system, warns judge Stephen Baister

19 Jan 2012

ICAEW criticises suggestion of single insolvency regulator

UK’s largest regulator believes money could be better spent elsewhere in these tough economic times

22 Dec 2011

Ed Davey calls for single insolvency regulator

Minister plans to drop ICAEW, ACCA and CIMA as regulators of insolvency profession and to remove the Insolvency Service’s role as licensor

21 Dec 2011

Consultation to remove court role in insolvencies launched

Government launches consultation to streamline bankruptcy and liquidation, with courts taking a back seat

07 Nov 2011

Personal insolvencies continue to decline

Bankruptcies drop 31%, according to latest Insolvency Service statistics, but DROs reach an all-time high

04 Nov 2011

Corporate insolvencies continue to rise

Company insolvencies continue to rise, as CVA reach a five-quarter high. But there is some positive news, as administrations see a modest fall

04 Nov 2011

HMRC takes tougher line on bankrupts

Business owners entering bankruptcy proceedings face harsher treatment from the taxman

05 Sep 2011

Pre-pack reforms delayed

Quick insolvency process reforms put back until 2012

23 Aug 2011

Corporate insolvencies drop

Company insolvencies decline but liquidations and individual figures increase

05 Aug 2011

'Cynical' pre-pack reforms to be published this week

Proposals by the Insolvency Service to make administrators give creditors three days notice are "cynical", an insolvency expert has said

23 Jun 2011

MoJ could exclude insolvency in latest reforms

U-turn on the cards over plans to stem tide of no-win, no-fee lawyers in insolvency litigation cases

07 Jun 2011

Insolvency reform will cost businesses say Big Four and R3

Big Four and insolvency trade body R3 demand meeting with insolvency minister Edward Davey to discuss reforms to profession

26 May 2011

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Penny Avis' book Nevermind the Botox Rachel

Video: From corporate finance to author

Rachael Singh interviews self-published author and former Deloitte partner Penny Avis on her novel "Nevermind the Botox Rachel"

Managers must spot signs of staff stress

Learn to identify the symptoms of stress in your team, urges CABA

The Practitioner: Staff sit-down shocker

The Practitioner has plenty to think about after a senior staff member reveals the pair haven't 'chatted' for quite a while...

Time for consulting to re-balance?

Despite robust performance in 2011, the consulting industry must reduce its reliance on financial services clients, says Alan Leaman

businessman steps forward

Tax: Don't go back in the future

Forget retrospection and instead put the GAAR together properly to create certainty for business, says Gary Richards

CIMA and ICAEW accounts: all in the presentation

Fully transparent, or just one for the accountants? asks Kevin Reed

TS recalls Pet's star Healy's close links to HMRC

Tim Healy's recent run-in with the taxman isn't his only dealing with HMRC, TS recalls...

Colin: Cost-cutting a step too far

Finance function takes its toll at BBC offices

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