News and Blog - Page 3
What's happening in the world of insolvency and company rescue
New Procedures & Measures are Coming...
The Corporate Insolvency and Governance Act 2020 received Royal Assent last night and came into force at midnight.
Posted: 26/06/2020
The Impact of the Coronavirus on Insolvency
We are currently living and working in unprecedented times with the nationwide lockdown and the financial impact of the Coronavirus still developing.
So much is happening, so quickly, that it is hard to keep up, particularly if you are having to advise clients on the impact of the Coronavirus and the options open to them and their business.
Accordingly, I am going to give a brief overview of a few of the issues in this blog.
Posted: 27/03/2020
First Compensation Order
In 2015 the Government brought in new legislation to enable The Insolvency Service to seek Compensation Orders against directors of insolvent companies who have been disqualified as acting as a director, and whose conduct has caused a loss to one or more creditors.
Posted: 19/02/2020
Directors Duties Can Survive Insolvency
A few weeks ago the Courts handed down Judgment in Systems Building Services Group Limited [2020] EWHC 54 (Ch), which may have long reaching consequences for the Insolvency Profession, and also directors.
Posted: 03/02/2020
The Insolvency Corporate Governance Consultation
The Government are looking to make some reforms to the Insolvency Legislation and within the Government’s Insolvency Corporate Governance Consultation two new insolvency procedures were proposed which will provide directors and Insolvency Practitioners with more options.
Posted: 10/12/2019
Making a Difference in the Local Community
Purnells are pleased to announce that we are working with Dorchester Youth and Community Centre.
Posted: 28/10/2019
Wrongful Trading
Wrongful Trading – The Ronseal Test – Does It Do What It Says On The Tin?
Posted: 14/10/2019
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 are Finalists for The TRI Awards 2019
Posted: 20/09/2019
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
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