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Archive for the Insolvency News Category

Redundancy pay advice for directors

  It is a common assumption by directors of insolvent companies that they have no statutory rights in relation to redundancy, which is leading to a considerable number of directors missing out on claiming what can be a substantial sum. If a company is struggling financially, despite

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Insolvency Statistics for 2017

The Insolvency Service have now released the latest statistics for the final quarter of 2017 which allows us to analyse the year of 2017 as a whole. The key messages that stand out are; Companies in 2017 ·         In 2017, one in 213 companies entered liquidation. ·        

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Corporate insolvencies remain broadly flat while personal insolvency increased in 2016

On 27 January 2017, The Insolvency Service released statistics of the number of corporate and personal insolvencies in Q4 2016. Despite the majority of Insolvency Professionals voicing their concerns over the impact Brexit would have on insolvency numbers, the number of corporate insolvencies remained broadly flat. However,

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Majority of insolvency profession concerned about the impact of Brexit on insolvency numbers

Insolvency body R3 have released survey results detailing the concerns of the insolvency industry at the potential consequences of Brexit. Almost three quarters of those surveyed predicted that corporate failures will rise by the end of 2017 due to the referendum result. The Association of Business Recovery

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