Insolvency Blog

Void Dispositions after a winding up petition can be costly for directors

November 18th, 2018 - Void Dispositions taking place after a winding up petition is presented can be very costly for directors Why should I be concerned about void dispositions that take place after a winding up petition is presented and why would it be costly for me as a company director?  When a winding up petition is presented to
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November 16th, 2018 - Road Haulage Boss Driven to Commit Fraud Banned for 11 years Yet again, another director decides not to seek proper and timely insolvency advice.  Apparently committing tax fraud is a good way of solving financial problems!?  This has never been further from the truth.  An 11 year directorship ban with a suspended custodial sentence was
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Will liquidation or administration affect personal credit rating

November 2nd, 2018 - Is my personal credit rating affected when I place my company into liquidation or administration? No, liquidation does not affect your personal credit rating.  A director or a shareholder has a distinct and separate legal identity to that of the company and it is the company that is going into liquidation. Your assets and your
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Is this the beginning of the end for payday loan companies?

August 30th, 2018 - As you may have seen in the media this week, Wonga, one of the UK’s leading ‘payday loan’ companies is contemplating shutting its doors and entering Administration. This follows the closure of several Money Shop outlets across the UK since 2016, but what does this mean for the industry of legitimate loan sharks, and will
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Bad Debt and Personal Insolvency Scam

June 19th, 2018 - In Lucas Johnson’s 3rd article during Scams Awareness month, we turn to the practice of preying on vulnerable creditors who have suffered a bad debt following the liquidation or administration of a company or llp.   For some creditors, the bad debt of a customer going under can have dramatic knock on consequences (the domino
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