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Insolvency moratorium: a break for distressed businesses
The new Corporate Insolvency and Governance Act has been described as the most significant reform to the UK’s insolvency framework in decades. That’s why …
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Wrongful trading: relief for directors of distressed businesses
In this, our second instalment in a series of bitesize updates on the new Corporate Insolvency and Governance Act, we examine wrongful trading and …
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New winding up restrictions call for creditor caution
The new Corporate Insolvency and Governance Act came into force on 26 June 2020. Here, in a series of bitesize updates, we explain the key changes – starting with winding up and new measures to support businesses in distress.
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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.