Article written by Adina-Leigh Collins, Litigation Solicitor In this update, we look at statutory demands, what a statutory demand is, how to serve a statutory demand and what to do if a debtor fails to pay. What is a statutory demand? A statutory demand is a written...
Article written by Bimal Kotecha, Solicitor On 29 April 2022, tennis great Boris Becker was sentenced to two and a half years in prison for offences relating to his bankruptcy. This article highlights the potential severe consequences of a bankrupt individual...
Royal assent has been given to the Rating (Coronavirus) and Directors Disqualification (Dissolved Companies) Act 2021 (“the Act”), extending the Insolvency Service’s powers to investigate directors that have dissolved their companies to assess whether disqualification...
Section 216 of the Insolvency Act 1986 states that it is a criminal offence for a person who has been a director of a company at any time during the 12 months prior to that company going into insolvent liquidation, to be involved in the management, promotion or...
Throughout the pandemic, we have reported that companies in financial distress have been protected from creditor action since June last year, through the Corporate Insolvency and Governance Act 2020. In a recent announcement, the Government confirmed that it is easing...
