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displaying 1-10 of 27

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15 June 2021 Insolvency applicants: getting the basics right

A number of interesting developments have emerged from what was quite a run-of-the-mill insolvency application brought by a litigation funder assignee.

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Blog

9 June 2021 Corporate Insolvency and Governance Act 2020: update

When CIGA came into force over a year ago it turned the insolvency world on its head. It introduced never-before-seen measures to help companies deal with the immediate impact of the coronavirus pandemic and to provide new corporate restructuring tools to try to help companies survive and prosper.

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Blog

31 March 2021 Moratoriums

The new Part A1 moratorium was introduced partly in response to the Covid-19 pandemic and its impact on businesses. The moratorium is not intended to be used to simply delay the inevitable insolvency of a company, but rather to allow breathing space for that company to restructure and/or achieve an effective rescue.

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Blog

26 March 2021 Covid-19 insolvency measures extension

From 26 March 2021 the Corporate Insolvency and Governance Act 2020 (Coronavirus) (Extension of the Relevant Period) Regulations 2021 will come into force with the effect of extending several of the temporary measures brought in by the Corporate Insolvency and Governance Act 2020 (CIGA).

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Blog

10 November 2020 Directors who fail to prepare, should prepare to fail

Two recent judgments demonstrate the risk that directors (of insolvent companies) face of being personally liable if appropriate records and procedures are not followed and if it cannot be shown that certain payments were in the interests of the company.

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28 February 2018 Ever present drama in the retail world as Maplin and Toys R Us fall into administration

As the country battles with snowy conditions, it looks as though the retail market faces an ever growing battle in the face of Brexit and changing consumer habits.

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Blog

15 January 2018 Carillion plc in liquidation

On Monday 15 January 2018 the High Court appointed the Official Receiver as liquidator of Carillion plc and various other group companies on the petition of the company’s directors.

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7 December 2016 The power to review, rescind or vary orders made in bankruptcy matters

In the case of Sands v Layne [2016] the Court of Appeal was asked to consider a court’s discretionary power under section 375(1) of the Insolvency Act 1986.

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Blog

2 December 2016 A bankrupt’s signed application can amount to accepting terms & conditions

A bankrupt who failed to annul a Bankruptcy Order on the basis that the necessary formalities for credit card agreements had not been complied with has been refused permission to appeal that decision.

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11 October 2016 Horton v Henry - protected pension rights in bankruptcy

The Court of Appeal has declined to follow the controversial decision in Raithatha v Williamson which allowed a Trustee in Bankruptcy to compel a bankrupt to elect to draw pension entitlements.

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displaying 1-10 of 27