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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. …
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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. …
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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.
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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.
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Bankruptcy – Property available for distribution
High Court considers remedies available for void dispositions.
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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.
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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.
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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.
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Changes to Debtor’s bankruptcy applications
From 6 April 2016, debtors will no longer be able to petition the court for bankruptcy.
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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.