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Coronavirus: Tips to help businesses manage cashflow
The coronavirus is making life difficult for everybody, but there are positive steps you can take to help mitigate losses and protect your business. …
Will new insolvency laws make businesses more accountable?
Following a number of high profile company failures, the government is consulting on insolvency and corporate governance with the intention of updating the law. …
Finance and Funding Forum
The Muckle LLP Banking team has setup their own ‘Finance and Funding Forum’ on LinkedIn. For more information and to keep updated please join here.
Insolvency Service consults on insolvency reform
The Insolvency Service has produced a consultation paper on the UK corporate insolvency framework and has proposed certain reforms.
Bankruptcy – Property available for distribution
High Court considers remedies available for void dispositions.
Third Parties (Rights Against Insurers) Act 2010 to come into force
On 1 August 2016 the Third Parties (Rights Against Insurers) Act 2010 (Act) will come into force.
New case law: Setting aside transactions made in ancillary relief proceedings
This case confirms that a trustee in bankruptcy, who is applying to set aside an ancillary relief settlement entered into prior to bankruptcy, will find this challenging.
New: Directors conduct reporting requirements
The conduct of directors of insolvent companies reporting period has been reduced from six to three months from the date when the insolvency starts.
Changes to Debtor’s bankruptcy applications
From 6 April 2016, debtors will no longer be able to petition the court for bankruptcy.
High Court rules that claims for financial orders on divorce do not vest in trustee in bankruptcy
This case specifically considers a trustee in bankruptcy’s ability to pursue financial orders on divorce.