News and Blog - Page 3

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

Independent Loan Charge Review

Independent Loan Charge Review

The Government has announced that it has commissioned an independent review of the loan charge scheme.

Posted: 23/09/2019

Purnells TRI 250 Membership

Purnells TRI 250 Membership

Chris Parkman, Licensed Insolvency Practitioner and Managing Director of Purnells, has been selected to be part of the TRI 250 for a second year in a row.

Posted: 04/09/2019

R3 Technical Alert

R3 Technical Alert

The Return of Crown Preference - On 11 July 2019

Posted: 16/07/2019

The Procedure to Place a Company into Creditors Voluntary Liquidation

The Procedure to Place a Company into Creditors Voluntary Liquidation

A Creditors Voluntary Liquidation is essentially an insolvent liquidation where the Company does not have the necessary funds to pay all creditors in full and the directors have decided themselves to place it into liquidation.

Posted: 26/06/2019

House of Lords Report on HMRC’s Powers to Tackle Tax Avoidance

House of Lords Report on HMRC’s Powers to Tackle Tax Avoidance

Continuing on from my latest series of blogs regarding HMRC and their greater powers to tackle tax avoidance a recent House of Lords Report on HMRC’s powers to tackle tax avoidance makes interesting reading.

Posted: 04/03/2019

Purnells' New Guide To Members Voluntary Liquidations

Purnells' New Guide To Members Voluntary Liquidations

Here at Purnells we have released our "new" Guide To Members Voluntary Liquidations...

Posted: 16/01/2019

Directors Personally Liable

Directors Personally Liable

Tax Abuse and Insolvency & What to Expect in the Future.

Posted: 14/12/2018

HM Revenue & Customs ("HMRC") to Become a Preferential Creditor Again

HM Revenue & Customs ("HMRC") to Become a Preferential Creditor Again

It always used to be the case that HMRC were a preferential creditor and as such were next in line to receive dividends after secured creditors.

This changed in 2002 under the Enterprise Act and HMRC agreed to become unsecured creditors and rank side by side with other unsecured creditors. 

Posted: 22/11/2018

Purnells win at the Credit Awards 2018

Purnells win at the Credit Awards 2018

In May of this year Purnells won the award for Corporate Restructuring & Insolvency Team of the Year at the Credit Awards 2018, the national award ceremony for the credit industry.

 

Posted: 04/06/2018

Cashflow Issues following the Liquidation of Carillion

Cashflow Issues following the Liquidation of Carillion

The placing of Carillion into Compulsory Liquidation on the 15 January 2018 has come as a shock to many, with a lot of people believing that Carillion was too big to fail.

Posted: 18/01/2018