The law of unintended consequences: How a simple change threatens business rescue in the UK

Insolvency The law of unintended consequences: How a simple change threatens business rescue in the UK

4m Stewart Perry, restructuring and insolvency partner, Fieldfisher

The law of unintended consequences: How a simple c...

Insolvency figures released in January show the reintroduction of Crown Preference is wreaking serious damage on company rescues Read More...

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Loose regulation allows insolvency to be “weaponised”, MP says as APPG report casts shadow over industry

Insolvency Loose regulation allows insolvency to be “weaponised”, MP says as APPG report casts shadow over industry

8m Sam Alberti

Loose regulation allows insolvency to be “weaponis...

Parliamentary report seeks to eradicate conflict of interest in "Wild West" insolvency industry Read More...

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Experts reject ‘insolvency tsunami’ predictions but advise caution

Insolvency Experts reject ‘insolvency tsunami’ predictions but advise caution

9m Sam Alberti

Experts reject ‘insolvency tsunami’ predictions bu...

Forecasts suggesting a wave of corporate insolvencies on the horizon are alarmist, but rescue tools and advisory services should still be considered, ...

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KPMG insolvency misconduct “further emphasises” need for independent regulator, MPs say

Insolvency KPMG insolvency misconduct “further emphasises” need for independent regulator, MPs say

11m Sam Alberti

KPMG insolvency misconduct “further emphasises” ne...

The landmark case is said to have exposed patterns of neglect in the profession Read More...

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New bill targets fraudulent company dissolution

Business Recovery New bill targets fraudulent company dissolution

1y Jeremy Chan

New bill targets fraudulent company dissolution

Bounce Bank Loan Scheme fraud of particular interest Read More...

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ACCA director: Cost of insolvency regulation unsustainable

Insolvency ACCA director: Cost of insolvency regulation unsustainable

1y Aoife Morgan

ACCA director: Cost of insolvency regulation unsus...

Association relinquishing RPB authority Read More...

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UK insolvencies hit pre-pandemic highs

Insolvency UK insolvencies hit pre-pandemic highs

1y Jeremy Chan

UK insolvencies hit pre-pandemic highs

December was the first month since lockdown began that insolvencies were higher than the same period year on year Read More...

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“Tsunami of insolvencies” likely as retail faces collapse

Insolvency “Tsunami of insolvencies” likely as retail faces collapse

1y Leanna Reeves

“Tsunami of insolvencies” likely as retail faces c...

Insolvency partner expects more businesses falling into administration as retail group ends partnership with suppliers Read More...

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New evaluator role in pre-pack scrutiny too vague

Insolvency New evaluator role in pre-pack scrutiny too vague

2y Jeremy Chan

New evaluator role in pre-pack scrutiny too vague

Insolvency service announces new law to scrutinise sale of pre-packs but does not specify qualifications for the evaluator Read More...

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HMRC’s crown preference scares away rescue finance lenders

Business Recovery HMRC’s crown preference scares away rescue finance lenders

2y Jeremy Chan

HMRC’s crown preference scares away rescue finance...

Companies will have more trouble raising funds with floating charges as HMRC’s preferential status puts off lenders Read More...

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Rise in insolvency and creditor action expected

Insolvency Rise in insolvency and creditor action expected

2y Jeremy Chan

Rise in insolvency and creditor action expected

Practitioners braced for “storm” of activity Read More...

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Industry works out new moratorium process

Insolvency Industry works out new moratorium process

2y Jeremy Chan

Industry works out new moratorium process

Moratorium provides a more debtor friendly process, but questions remain on practicality on UK insolvency Read More...

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UK alters insolvency law landscape

Coronavirus UK alters insolvency law landscape

2y Jeremy Chan

UK alters insolvency law landscape

The government has announced a number of changes to insolvency law in an effort to support in-distress businesses Read More...

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Furloughed staff considered ‘super-priority’ creditors during administration

Coronavirus Furloughed staff considered ‘super-priority’ creditors during administration

2y Jeremy Chan

Furloughed staff considered ‘super-priority’ credi...

Recent court rulings clarify legal grey area caused by furlough scheme Read More...

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Insolvencies drop in first quarter

Coronavirus Insolvencies drop in first quarter

2y Jeremy Chan

Insolvencies drop in first quarter

Latest report from The Insolvency Service outlines reduced number of insolvencies for the first three months of 2020 Read More...

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Report: Avoiding insolvency in midst of crisis

Coronavirus Report: Avoiding insolvency in midst of crisis

2y Jeremy Chan

Report: Avoiding insolvency in midst of crisis

Insolvency has become a major threat across most UK markets, as businesses scramble for ways to avoid getting sucked under Read More...

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Industry at odds over potential insolvencies

Accounting Firms Industry at odds over potential insolvencies

2y Tom Lemmon

Industry at odds over potential insolvencies

Predictions of 800,000 UK insolvencies requires “sense-checking” says RSM, but leading insolvency body say it depends on the length of the crisis Read...

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UK SMEs unprepared to apply for loans

Budget UK SMEs unprepared to apply for loans

2y Jeremy Chan

UK SMEs unprepared to apply for loans

The government has announced businesses support measures to help keep companies afloat, but SMEs may have trouble accessing credit Read More...

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Governance and culture questions raised among insolvency practitioners

Insolvency Governance and culture questions raised among insolvency practitioners

2y Kevin Reed

Governance and culture questions raised among inso...

Insolvency practitioners must tread a fine line in undertaking their role, and move onto how practices must get a grip on a permissive culture and loo...

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Pensions play a crucial role in insolvency

Pensions Pensions play a crucial role in insolvency

2y Jeremy Chan

Pensions play a crucial role in insolvency

For firms in financial duress, employee pensions expenses can be fatal. Giving them a spot at the table may be a better option. Read More...

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Insolvency: Recognising the warning signs

Insolvency Insolvency: Recognising the warning signs

3y Stephen Wainwright

Insolvency: Recognising the warning signs

There are a number of warning signs that a company is in financial distress and action is required, says Stephen Wainwright of Poppleton & Apple R...

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Personal insolvency rate continues to rise

Insolvency Personal insolvency rate continues to rise

3y Chris Jewers

Personal insolvency rate continues to rise

The Quarter 2 figures show 30,936 individuals entered either bankruptcy (4,228), a debt relief order (6,752) or an individual voluntary arrangement or...

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Bookmakers close stores - what now?

Business Bookmakers close stores - what now?

3y David Williams, Senior associate, BDB Pitmans

Bookmakers close stores - what now?

Betting store closures may appear to paint a bleak picture of the future for bookmakers - but those who have prepared for a move to online will stay i...

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Personal insolvencies more common among woman, coastal dwellers and those in North East

Insolvency Personal insolvencies more common among woman, coastal dwellers and those in North East

3y Chris Jewers

Personal insolvencies more common among woman, coa...

Personal insolvencies are more common among woman, people who live by the sea or people living in the north east, according to 2018 statistics. Gender...

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HMRC preference in insolvency cases a 'bad deal', says industry

Insolvency HMRC preference in insolvency cases a 'bad deal', says industry

3y Beth McLoughlin

HMRC preference in insolvency cases a 'bad deal', ...

Insolvency and restructuring trade body R3 and leading figures in the sector warn of the impact on lending the Government's Finance Bill will have as ...

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Disclosure requests from insolvency practitioners – not always a rock and a hard place

Insolvency Disclosure requests from insolvency practitioners – not always a rock and a hard place

3y Edward Starling and Lucy Phoenix

Disclosure requests from insolvency practitioners ...

Just how much information should an accountant disclose in the event that a company goes insolvent? Lucy Phoenix and Ed Starling, Wedlake Bell LLP cla...

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Late payments like "crack cocaine" for large businesses

Business Recovery Late payments like "crack cocaine" for large businesses

3y Tom Lemmon

Late payments like "crack cocaine" for large busin...

Large corporations are relying on late payments and governments must better understand the scale of the problem, says Duncan Swift, new president of R...

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