The Rix & Kay Blog - Restructuring & Insolvency
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Director’s Duties – Obligations, Breaches and Legal Remedies
DIRECTORS’ DUTIES – Obligations, Breaches and Legal Remedies Rix & Kay Solicitors LLP offer expert advice to directors on their obligations under both contract and…
Director Disqualification – Dissolved Companies
Director Disqualification – Dissolved Companies The Rating (Coronavirus) and Director Disqualification (Dissolved Companies) Bill The recent update has confirmed that the above bill is in…
Latest report indicates increase in insolvency figures
Latest report indicates increase in insolvency figures The latest red flag research report for Q3 2021 from Begbies Traynor, which monitors the financial health of…
12 year ban for director who stole to buy horses
12 year ban for director who stole from firm to buy horses Lisa Crawshaw, 46, was a director of family haulage firm C&C Transport, from…
Plumber’s bankruptcy restrictions extended for abusing finance
Plumber’s bankruptcy restrictions extended for abusing finance Lee John Palmer (41), a plumber from Knapton, was declared bankrupt on 28 January 2021 before the official…
Further extension to Insolvency measures – announced by Alok Sharma, Secretary of State for Business, Energy and Industrial Strategy
The government announced last week – as part of an update that included extensions to the moratorium of commercial businesses being protected from eviction –…
HMRC – Regains its Preferential Creditor Status
As of 1 December 2020 HMRC, will regain its preferential creditor status in insolvent liquidations. The return of the Crown Preference has been an ongoing…
Insolvency statistics and what they show – are they hiding the real picture?
The latest quarterly insolvency statistics were published on 30 July 2020, by the UK Insolvency Service. They show various trends – the standout points are:…
Corporate Insolvency and Governance Act extends temporary measures
As we are now aware, from the coverage in the press, the Corporate Insolvency and Governance Act (the “Act”) received Royal Assent on 25 June…