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Dissolution loophole set to be closed
May 18th 2021
New legislation, which aims to prevent company directors avoiding investigation into their conduct by informally striking off their company instead of entering an insolvency process, has had its first reading in Parliament and looks set to become law
Government Opens Consultation on Overhaul of Corporate Insolvency Regulations
March 28th 2018
The government has announced the launch of a consultation on a wide range of issues relating to corporate governance frameworks and the responsibilities place upon directors in corporate insolvency scenarios.
Insolvency risk increases for Scottish firms
December 21st 2017
The number of Scottish companies at higher than average risk of insolvency has risen by 36% over the course of 2017.
Statutory Demands on the rise as creditors face higher costs to recover debts
October 5th 2016
The increased cost of taking court action to recover a debt has resulted in creditors looking for alternative methods of collection. One potential way is via a statutory demand.
The Problems with Using Unlicensed Insolvency Advisers
September 16th 2016
If your business is struggling to stay afloat and meet creditor demands, you may find that unlicensed insolvency advisers will claim to have all the answers to your questions. However, only licensed i…
Begbies Traynor Welcomes R3 Guidance on Dealing with Personal Debt Problems
September 16th 2016
The insolvency trade body R3 has published a new guidance document on the subject of how best to deal with the prospect of personal insolvency as a UK individual. As experts in both personal and corpo…
First Ruling of Section 342A of the Insolvency Act
August 16th 2016
Mark Raeside QC presided over four separate days in the High Court last week as Section 342A of the Insolvency Act was finally ruled upon, directing what constitutes an excessive contribution to a pension scheme which can be set aside by a trustee in bank
Begbies Traynor appointed as Trustees to bankruptcy of former Blackburn Rovers and West Ham footballer Lucas Neill
April 28th 2016
Gary Shankland and Jamie Taylor of Begbies Traynor have been appointed as Trustees to the bankruptcy of Australian footballer Lucas Neill. The defender, who was previously captain of the Australia nat…