Insolvency News

New debt recovery regime (protocol) from 1 October 2017

October 16th, 2017 - 1 October 2017 saw a new pre-action protocol come in to force that applies to claims brought by a business against individuals. It does not apply to claims against a company, LLP or partnership (unless payment is being sought from the individual partners). It does apply to personal guarantees given in relation to a company’s
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New Debt Protocol – Requirements for claims against individuals

October 16th, 2017 - From 1 October 2017 a creditor seeking payment from an individual must provide the individual (including sole trader) with: 30 days for a response to be received before commencing legal action Details of the amount of debt as well as any interest and charges due Full details of the written or oral agreement under which
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Prepack, prepack, prepack

January 29th, 2016 - Are you after a prepack administration? Yes? Well we can definitely help you. But why do you want one? I’d be surprised if you knew and even more surprised if you knew whether it was the best thing for you. Here’s a short sharp summary: Prepack Administration – a pre-arranged deal to sell a business
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What does it cost to get a Validation Order?

January 29th, 2016 - How much does it cost to get a validation order is one of the first questions directors want to know. Unfortunately they are often shocked at the level of cost for something that seems unnecessary. The difficulty is that once a validation order is needed, an urgent application must be drafted by specialists to convince
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How do I get a Validation Order?

May 22nd, 2015 - You can get a Validation Order by making an application to the Court.  The validation order application can often be made in a court local to you, but not always, however don’t let the location bother you as geography is no longer the barrier it used to be in applying for a validation order or choosing which professional advisers
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