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At least one fifth of UK corporate insolvencies in the past year were caused by late payment or the insolvency of another company, according to new research by insolvency and restructuring trade body R3. A survey of the insolvency profession reveals that late payment for goods or services was a primary or major cause of 23% [...]
Cheaper and speedier online applications for bankruptcy will be introduced in April as part of the Government’s drive to improve access to public services. From 6 April 2016 people seeking to make themselves bankrupt will no longer need to apply to the court. Instead they will complete an online bankruptcy application on GOV.UK, which will be [...]
Bar Council Chair Chantal-Aimée Doerries QC has responded to Lord Justice Jackson's speech on 28 January 2016 to the Insolvency Practitioners' Association, Fixed Costs - The Time has come, calling for recoverable costs to be fixed in all claims valued at up to £250,000. She said: "We look forward to reviewing Lord Justice Jackson's proposals in [...]
Insolvency Practitioners and debt collection. Resource and experience are available to undertake a range of investigations. Sterling work with Insolvency Practitioners to value sales ledgers and to cost effectively collect book debts quickly and efficiently. Sterling Debt Recovery provides a proven service to Insolvency Practitioners working with Receivership - Liquidation - Administration - Company Voluntary Arrangement [...]