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.

Updated rules for insolvent football clubs

Annabel Whittaker discusses regulations that apply to insolvent football clubs, which will come into effect from 8 August following their recent amendment by The Football League.

The Insolvency Order 2015

From 1 October this year, the Insolvency (Protection of Essential Supplies) Order will come into effect.

The costs of avoiding formal insolvencies

Recently it has been identified that heavy losses are being suffered by HMRC and creditors when companies cease trading due to insolvency and fail to enter into any formal insolvency event.

Financial Mis-selling claims

Fraser Brown is able to assist companies, individuals, and Insolvency Practitioners with financial mis-selling claims that they may wish to bring for losses suffered as a result of negligent advice received.

Government proposes better deals for those dealing with failing companies

The government have given recommendations that aim to ensure businesses and customers get a better deal from failing companies.

Fee increase for bankruptcy and winding up orders

The Insolvency Service has published the Insolvency Proceedings Order 2014 which details the fee increases for deposits payable on a bankruptcy petition and a petition for the winding up of a company. These will come into force from 6 April 2014.

Fair game for Insolvency case

The recent judgment given by the Court of Appeal in the ‘Game’ computer software store’s case has been hailed as a victory for common sense by both landlords and insolvency practitioners.

The future of pre-pack administrations

An independent review of pre-pack administrations has been announced, but it is yet to be revealed whether this would deliver any new conclusions from previous reviews.

Directors of failed companies could be held liable

Business secretary Vince Cable is reportedly set to propose widening the circumstances in which people that have run failed companies can be held personally liable for the firm's debts.

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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