News and Blog
What's happening in the world of insolvency and company rescue
Last month the Times featured an article about how “suitcases filled with cash from taxpayer-backed Covid loans were seized at the border as people tried to smuggle them out of the country.”
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...
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...
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.
We have been awarded ‘Best Insolvency Advisory Boutique Firm 2021’ in the UK Finance Awards 2021…
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.
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.
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.
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...
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.
Extension to Restrictions on Winding Up Petitions & Commercial Evictions...
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.