Proposals have been made to the Insolvency Service to move administration
applications for corporate insolvencies to an online register.
The proposal was made in the Insolvency Service consultation on encouraging
company rescues through Company Voluntary Arrangements.
The idea was backed by the Insolvency Lawyers Association, the City of London
Law Society and the Confederation of British Industry.
There have been 507 CVA’s in the year to Q3 2009 and 587 in the same period
On 13 November this year the government allowed bankruptcy applications to be
filed online and through the post.
Last week the Insolvency Service published recommendations it had received on
how to encourage company rescues through Company Voluntary Arrangements.
A CVA is a legally binding administration process that allows a business to
repay some or all of its debts based on future profits.
Political and economic uncertainty behind the fall in confidence
Drastically fewer offices for HMRC in the hope to reduce their running costs
A CIO has been appointed at BDO from law firm Olswang
Just Racing Services, operating company of the Manor Racing Formula One team has entered administration