Related Insolvency News

The administrator of failed bank First London has revealed that it may take legal action against the company for transferring assets out of the company before going out of business

Employers facing financial difficulties have been told to take heed of a recent Court of Appeal decision which ruled that the provisions of the Transfer of Undertakings (Protection of Employment) Regulations (TUPE) are not disqualified in the case of company administrations.

Despite businesses throughout the country still showing much reduced profits compared to pre-2008, those operating in the South of England are fairing “far better” with regard to insolvency rates than those in the North.

On 28 July 2010 Dyson lost a claim against Vax that Dyson’s design of its DC02 vacuum cleaner had been infringed by Vax’s Mach Zen C-91MZ cleaner. A year later, Dyson’s appeal of this decision threw up some interesting comments from the Court of Appeal on registered designs.

We all know that current times are tough. Taking measures to protect your business have never been more important. In addition to cost control and cash flow management, you may wish protect your business by putting in place effective and properly incorporated retention of title provisions.

The answer to this question lies in another question, namely does the termination infringe the anti-deprivation principle?

UK insolvency authorities have closed 61 companies which attempted to thrive on Britain’s “easygoing” bankruptcy rules.

In February of this year, we advised you about the importance of protecting your business by putting in place effective and properly incorporated retention of title provisions.

The government has announced it will consult on increasing the bankruptcy petition level for creditors from the current £750.00. Welcoming the proposal, R3 (Association of Business Recovery Professionals) has long campaigned for a rebalancing of the relationship between creditors and debtors as a number of creditors petition for bankruptcy on low levels of debt. R3 is recommending an increase to £3,000.00 which it now deems more appropriate.

Insolvencies and bankruptcy are not just a male phenomenon, new figures have revealed, after the proportion of women declaring themselves bankrupt or being made insolvent reached record levels in recent months.

Provisions effecting an overhaul of ‘pre-pack administrations’, which allow struggling businesses to be marketed prior to entering into administration and sold shortly thereafter, have been delayed

The Insolvency Service has released its latest figures showing an increase in personal insolvencies from 30,145 in the first quarter of the year to 30,513 in the second

Brits have been encouraged to investigate debt consolidation loans, Individual Voluntary Arrangements (IVAs) and/or debt management plans if they are currently struggling under money woes.

In a recent decision the High Court held that a husband's bankruptcy defeated the wife’s right to occupy the matrimonial home. This decision confirms that, in the absence of special circumstances, creditors’ interests outweigh that of the bankrupt’s family.

Over a third of all Britons believe a deterioration in their finances is inevitable over the next six months, as bills and the threats of going overdrawn continue to mount, research has indicated.

This is the second part of an article discussing Insolvency of an individual tenant. Having previously discussed Individual Voluntary Arrangements, this issue of Property Insight discusses the implications of bankruptcy of a tenant on landlords’ rights.

An alarming number of Britons claim they are so financially stretched that they are struggling to maintain payments for housing, food and lifestyle choices, research indicates.

The Insolvency Services has raised its fees for individuals entering into bankruptcy or filing a bankruptcy petition and for companies entering into liquidation

In the current climate all landlords are affected by tenant insolvency. This article is the first of a two-part article discussing Insolvency of an individual tenant.

Throughout 2010, figures show that the biggest jump in personal insolvencies were amongst Britain’s middle-class skilled workers, while those on benefits are also struggling to stay afloat.

Research by insolvency trade body R3 has discovered that one in six British businesses could be trading while "technically insolvent".

Members of Parliament have put forward a motion to the Government urging it to take adequate action to protect high street shops from being forced out by out of town shopping developments

Research by Investec Specialist Private Bank has revealed that a large percentage of Britain’s most successful entrepreneurs are concerned that the recent VAT hike will badly affect both their profits and the economy as a whole.

The Insolvency Service has applied to the High Court to disqualify nine people from acting as directors after their Christmas hamper company, Farepak went into insolvency

A worryingly large percentage of Brits worry that their final situation will worsen greatly over the next sixth months, a quarterly survey by R3, the insolvency trade body, has found.

The number of people declared insolvent in England and Wales reached an all-time high of 135,089 in 2010, but there are signs for encouragement on the horizon.

A recent study from business information provider and credit reference agency Equifax shows that corporate insolvency decreased from 26,000 to 23,000 in 2010. Neil Munroe, external affairs director at Equifax, attributes the drop in corporate failures to pay freezes and tight control on invoice payments.

The number of UK firms reporting major financial problems has risen annually since 2009, according to new research.

A recent announcement by HMRC that it intends to crack down on corporate tax debts should serve as a warning for struggling companies, especially those currently granted ‘Time to Pay Agreements’.  The tougher stance could result in many more cases of insolvency and directors’ disqualification proceedings

It’s not all doom and gloom during the present economic difficulties. The Insolvency Service has released figures which show that the number of people declared bankrupt fell to a near five-year low during the third quarter of this year.

Corporate insolvencies are declining but critics have suggested that such promising recent figures could be nothing more than a “one-off”.

New figures are expected to reveal that personal insolvencies have diminished over the second quarter of 2010

The coalition government has pledged to reopen a prominent lending forum and discover how best to secure the financial futures of thousands of small businesses around Britain