If you have ever lied to a creditor before you really need to read this… Directors need to be very careful what they promise their trading creditors or they could become personally liable for the debts owed.
The latest Insolvency Index from Experian, the global information services company, has revealed that the rate of insolvencies dropped to 0.08% in August, its lowest point since February. While these
The latest Insolvency Index from Experian has reported a year-on-year improvement in business bankruptcy during February. The total number of insolvencies fell by 12.5% during February compared to the same
For the second time creditors have voted in favour of a company voluntary arrangement, CVA, for sports retailer JJB. A company voluntary arrangement is a legally binding agreement between a
The percentage of Time to Pay requests refused by HM Revenue & Customs (HMRC) in 2010 was more than double the rate in 2009, according to new statistics. Figures from
Connect Services Group has ceased trading and is to be placed into administration. The mortgage website mortgage strategy has just released this article confirming that Connect Mortgage Group has gone
The number of corporate insolvencies has dropped significantly in the third quarter. The number of company liquidations dropped by 13.9 per cent from the year before to 3,974, while administrations
Bridge Company Recovery has been appointed to oversee the initial ever commercial voluntary arrangement (CVA) of a stockbroker within the UK. Stock broker Wills & Co attracted wide media attention
The Office of Fair Trading (OFT) will revoke the client credit licences of 129 financial debt administration companies if they don’t take speedy compliance motion. The warning to comply with
Archial called in administrators PricewaterhouseCoopers (PwC) after the taxman refused to agree to a proposal to pay its debts in monthly instalments rather than one lump sump. Evidence if evidence
There has been a year-on-year decline in business insolvencies during June, according to the latest Insolvency Index from Experian. The overall financial strength score of UK businesses also improved, from
The National charity Citizens Advice has today launched a tender for a single, preferred debt management plan supplier. The charity says it is looking to establish a partnership with a
