Insolvency Service

Insolvency Service

Claims consultant banned for compensating himself ahead of HMRC

Claims consultant Richard Render disqualified as a company director for six years for failing to pay tax but paying himself instead

24 Nov 2014

Insolvency Service

Bankruptcies hit lowest quarterly level in 15 years

Insolvency Service figures show bankruptcy orders reach lowest level since 1999

29 Oct 2014

Image credit - trevorb via Shutterstock

Former Rangers owner Whyte in 15-year directorship ban

Craig Whyte banned from holding company directorships after the Insolvency Service holds he acted without consultation with fellow directors

01 Oct 2014

Kahn ‘steps down' from ICAEW's special industry group

Neville Kahn, of whom Vince Cable called on the ICAEW to investigate, quits the institute's special interest insolvency group

02 Sep 2014

Complaints against insolvency practitioners rise 25%

Insolvency complaints gateway receives 941 complaints in year since its launch

27 Aug 2014

Deloitte accused of costing taxpayers £50m for botched administrations

Big Four firm involved in more 20 administrations where it failed to correctly make workers redundant, IS numbers show

20 Aug 2014

Administrations hit lowest level since 2005

Insolvency Service figures show company administrations hit lowest level since the first quarter of 2005

30 Jul 2014

Insolvency profession says fee changes will see fewer rescues

Three-quarters of IPs believe fixed-fees will lead to them taking fewer cases, while 64% think it will reduce the number of business rescues

31 Mar 2014

Insolvency Service increases fees by more than 7%

Price for bankruptcy and compulsory winding up proceedings increase an average of 7.5%

14 Mar 2014

EC to roll out Chapter 11 style insolvency across Europe

European Commission approves new approach to business rescue and insolvencies giving more chances to entrepreneurs

13 Mar 2014

Fee & regulatory reform: Insolvency Service inspired by FRC

The Insolvency Service proposes regulating both professional bodies and practitioners, as well as drive efficiency through capping fees, but why are they going to such lengths?

21 Feb 2014

Corporate and personal insolvencies fall, but hide true picture

Banks failing to call in debts and individuals using payday loans skewer government statistics

07 Feb 2014

Interview: Insolvency Service deputy CEO Graham Horne

Insolvency Service deputy chief executive Graham Horne explains why the book on insolvency law is being thrown out the window

27 Nov 2013

Government registry of beneficial ownership to come in

David Cameron announces register of UK company owners

01 Nov 2013

Consultation to simplify insolvency process launched

Proposals to simplify Insolvency Rules such as allowing electronic submissions is launched by the Insolvency Service

27 Sep 2013

Action against unlawful “phoenix” companies doubles

The number of cases launched against company directors involving 'phoenix companies' doubles in 12 months

23 Sep 2013

BDO hands Farepak creditor payment to Insolvency Service

Insolvency Service handed outstanding dividend payments from BDO liquidators to Farepak

29 Aug 2013

Wakefield accountant banned for 14 years

Darren Upton receives 14 year ban from being a company director for swindling client funds designated for the taxman

13 Aug 2013

Creditor meetings could be reduced in an administration

Reduction in red tape across insolvency process could save creditors £36m annually and increase communication with less meetings scheduled

19 Jul 2013

Directors to be liable for corporate collapses

Vince Cable announces changes to company director disqualifications as he reforms insolvency process

15 Jul 2013

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Why budgeting fails: One management system is not enough

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