Liquidation and bankruptcy petition dangers
20 January 2008
Creditors who petition the court for the winding-up of a company or the bankruptcy of an individual as a debt-collecting remedy are not free from […]
articles
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Business rates break for companies in administration – relief from Trident
2 January 2008
Companies in administration are to get a permanent exemption from empty property rates, Local Government Minister, John Healey, announced on 17 December. His decision on […]
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Landmark decision – taxpayers can potentially sue HMRC for damages
29 November 2007
The Court of Appeal has found that HM Revenue and Customs owes a duty of care to a taxpayer if they make mistakes. Following the […]
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Property development and tax structures
27 November 2007
Client A recently asked me for advice on this… A planned to set up a company, A Ltd. The company is being set up specifically […]
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Pre-packs gain court approval: DKLL Solicitors v HMRC
25 September 2007
Recent trade press reports Pre-pack administrations boosted by court decision – Accountancy Age and Pre-pack administration survives HMRC claim – Creditman refer to this case […]
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Northern Rock – iliquid or insolvent?
15 August 2007
Was the Bank of England’s bail-out of Nothern Rock, Britain’s 5th largest mortgage lender justified on the grounds that it met Mervyn King’s parameters explained […]
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Administrators’ adoption of employment contracts
2 August 2007
Leeds United’s administration has insolvency interest not only because of potential breaches of s216 Insolvency Act 1986 (see our earlier post), but also because of […]
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Phoenix Companies – Leeds United: did Ken Bates break the law?
26 July 2007
How do the anti-phoenix provisions of s216 Insolvency Act 1986 work in real life? Ken Bates was a director of the old Leeds United Football […]
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Administration: prescribed part (ring-fenced fund) not distributed
3 July 2007
A share of the assets subject to a floating charge is reserved for distribution to unsecured creditors in priority to the charge holder in an […]