Insolvent? Business health check required?
At Business Rescue & Recovery we provide advice to Directors and sole traders who are experiencing financial difficulty within their...
Financial stress can lead to poor decision making
In light of the recent report that the FCA has been forced to ban a payday lender for "reckless" practices, individuals in financial...
Fee changes to Insolvency Cases
The Insolvency Service is to raise fees for creditors in connection with insolvencies. The official receiver’s case handling fee will...
Unclear future for economy following Brexit
StartFragment The impact to the economy is believed to already be many times the value of the UK's contribution to the EU Budget....
Microsoft to acquire professionals networking site
StartFragment The software company Microsoft is purchasing the professional networking site LinkedIn for a little over $26bn (£18bn). The...
Oil & Gas job losses could reach 120,000
StartFragment Due to a major downturn, UK job losses in the oil and gas sector could reach 120,000 by the end of 2016. Oil & Gas UK...
Insolvency Firm enters Administration
Insolvency company and IVA (Individual Voluntary Arrangements) provider Varden Nuttall has entered Administration. The business entered...
Wrongful Trading leading to Insolvent Liquidation
Wrongful trading, if proven to the satisfaction of the court, requires the Director to “make such contribution to the company’s assets as...
IVA preferable to Bankruptcy in certain careers
Some employers may frown upon the bankruptcy process whereas an IVA may be considered acceptable. In the Police Force for example, staff...
Bankruptcy process streamlined for debtor's petitions
As from the 6th April 2016, individuals who wish to declare themselves bankrupt (known as a debtor’s petition) will be able to do so...
