News and Blog

What's happening in the world of insolvency and company rescue

Employee Claims In Insolvency - Part 2

Employee Claims In Insolvency - Part 2

Following the recent case of Palmer v Northern Derbyshire Magistrates' Court where the Administrators were facing criminal prosecution through failure to file a HR1 form; now would be a good idea to produce a two part blog on Employee Claims. 

This is the second blog and it will look at the obligations of employers to consult with their staff when facing potential redundancies...

Posted: 19/04/2022

Employee Claims In Insolvency - Part 1

Employee Claims In Insolvency - Part 1

Following the recent case of Palmer v Northern Derbyshire Magistrates' Court, where the Administrators were facing potential criminal prosecution through their failure to file a HR1 form; now would be a good idea to produce a two part blog on Employee Claims.  This is the first blog and it will deal with what claims the employees have...

Posted: 08/04/2022

Employment Law v Insolvency Law – Who Wins?

Employment Law v Insolvency Law – Who Wins?

There has always been a conflict between insolvency law and employment law, each with their own rules, and differing priorities.  This is particularly so in respect of Administrations, where whether or not to pre-package a sale continues to divide opinion.

Posted: 24/01/2022

Purnells Have Done It Again!

Purnells Have Done It Again!

We have been awarded ‘Best Insolvency Advisory Boutique Firm 2021’ in the UK Finance Awards 2021…

Posted: 17/01/2022

Rising Insolvency Figures

Rising Insolvency Figures

The latest figures from the Insolvency Service show that the number of company insolvencies in England and Wales rose by 18.7% in November 2021 to a total of 1,674 compared to October 2021’s total of 1,410, and increased by 87.9% compared to November 2020’s figure of 891.

Posted: 06/01/2022

Purnells are again Finalists for the 2021 TRI Awards...

Purnells are again Finalists for the 2021 TRI Awards...

We are thrilled to announce that Purnells are again Finalists for the 2021 TRI Awards in the category of: TRI Company Award for Business Continuity 2021.

Posted: 10/11/2021

What is a LPA Receiver or Fixed Charge Receiver?

What is a LPA Receiver or Fixed Charge Receiver?

A Law of Property Act Receiver, or LPA Receiver, is appointed under Section 109 of The Law of Property Act 1925 when a Lender, or mortgagee, is entitled to exercise the power of sale granted under the Law of Property Act 1925.  What that means in plain English, is that if the borrower, or mortgagor, has breached the terms of their mortgage, then the Lender’s power of sale will have arisen, which means they can appoint a LPA Receiver.

Posted: 08/11/2021

End of Temporary Insolvency Measures

End of Temporary Insolvency Measures

The temporary measures brought in to support businesses from insolvency during the pandemic are due to be phased out from 1 October and the Insolvency Service have issued the following information...

Posted: 14/09/2021

What To Do if Your Company has a CCJ Against it

What To Do if Your Company has a CCJ Against it

If your company has had a County Court Judgment, or CCJ, made against it, then the creditor who obtained the judgment has several different options available to them to enforce that judgment.

Posted: 16/07/2021

Extension on Business Support Measures

Extension on Business Support Measures

Extension to Restrictions on Winding Up Petitions & Commercial Evictions...

Posted: 21/06/2021

Strike Off Application v Creditors Voluntary Liquidation

Strike Off Application v Creditors Voluntary Liquidation

Given the new landscape we are all living and working in due to Covid-19, I wanted to update a blog that we first produced over four years ago, which looked at the benefits and drawbacks of a Creditors Voluntary Liquidation ("CVL") versus a Strike Off Application.

Posted: 08/06/2021

The New Updates on Debt Relief Orders

The New Updates on Debt Relief Orders

On the 10 May 2021 the Government published it's response to the Debt Relief Order (DRO) consultation on raising the threshold for the three monetary eligibility requirements that an individual must meet before being able to obtain a DRO.

Posted: 14/05/2021