Administration Orders: An effective tool for creditors

This case is of particular significance for both Insolvency Practitioners and creditors alike as it shows a growing tendency of courts to favour administration applications by creditors even against a seemingly solvent company.

Bankruptcy debt level increased

Following a consultation, the Department for Business, Innovation and Skills has recently announced changed that will come into effect from 1 October 2015.

New price cap rules for payday lenders

The Consumer Credit (Cost Cap) Instrument 2014 (“the Instrument”) is set to come into force on 2 January 2015 (“the Effective Date”) having been approved by order of the Board of the Financial Conduct Authority (“FCA”) on 6 November 2014.

Business Insolvencies Viewpoint

Following on from the recent news that the East Midlands is the only area in England to record an increase in the number of business insolvencies in April, Adrian Slater from Fraser Brown offers an expert opinion.

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