Companies have been told by the Government’s Insolvency Service to consider the impact of rising prices and its effect on household incomes -meaning debts could be written off or repayments halved. Read More
Recent research shows that in 2021, over 8,700 chain stores have closed due to the major shift in online shopping – partly caused by the coronavirus pandemic. Read More
The debt threshold for a winding up petition will be temporarily increased in wake of the coronavirus pandemic, it has been announced. Read More
Some temporary relief measures introduced under the Corporate Insolvency and Governance Act 2020 (CIGA) are extending, the Government announced on 16 June 2021. Read More
New legislation will require independent scrutiny of pre-pack sales where connected parties are involved, it has been announced. Read More
One in seven UK businesses are ‘at risk’ of closure in the first half of 2021 with many coronavirus business support measures due to close in March and April, according to the latest research. Read More
To get ahead of the anticipated rise in company collapses next year, the Insolvency Service has instructed insolvency practitioners to report all fraudulent coronavirus loan applications to them. Read More
According to the new figures, the number of empty high street shops has risen to the highest level for more than six years following a wave of store closures as a result of the pandemic. Read More
The new Corporate Insolvency and Governance Bill will help maximise your business’ chance of survival throughout the coronavirus pandemic, it has been suggested. Read More
According to the latest industry research, almost one in five small businesses fell into their overdrafts in the last year in a bid to manage their cash flow. Read More