Welcome to our latest news page. Click to read the latest articles below.
Added: Fri, 05 Apr 2019 We have an exciting opportunity to join our specialist insolvency practice.
If you are looking for a firm that maybe does things a little differently and adds the human touch back into the wo...
Added: Thu, 22 Jun 2017 The Insolvency Service has recently released new figures which show the high levels of director’s disqualification relating to illegal activity over the last year. From April 2016 to January 201...
Added: Thu, 15 Jun 2017 Would you let an unqualified surgeon operate on your body? Of course not!
So why do so many directors seek advice from unqualified, unregulated, possibly uninsured advisers? The most likely e...
Added: Thu, 15 Jun 2017 Company insolvency happens as a result of a company being unable to pay its debts. There are two tests that are carried out to determine corporate insolvency. The first is the cash flow test which loo...
Added: Thu, 15 Jun 2017 Here at the Timothy James Partnership we help to recover and nurse businesses back to health. Many businesses who face difficulty still have plenty going for them.
We can help you to examine ...
Added: Wed, 24 May 2017 An individual voluntary arrangement (IVA) is a formal agreement between you and your creditors that can help you repay your debts at an affordable amount.
IVAs are a legally binding agreement...
Added: Wed, 24 May 2017 Liquidation and re-start is achievable using a Creditors’ Voluntary Liquidation. It can be done within the law quickly and smoothly.
When a company is placed into liquidation all its co...
Added: Thu, 18 May 2017 These are two definitions that both refer to a situation whereby liabilities exceed assets of either a business or an individual, and so it’s no surprise that many people get them both confused....
Added: Wed, 03 May 2017 A very common question asked is then should you appoint an Insolvency Practitioner.
This can be a difficult question to answer for a director of a company because it can depend on many factor...
Added: Thu, 27 Apr 2017 Member’s Voluntary Liquidation (MVL) is where the shareholders of a solvent company adopt a voluntary winding up resolution and appoint a liquidator to realise the assets of the business to dist...
Added: Thu, 20 Apr 2017 New rules which guide insolvency practice have come into force.
The rules have been rewritten to reflect modern business practice and to make the insolvency process more efficient. Changes in...
Added: Thu, 13 Apr 2017 When a company is owed £750 or more and has attempted to collect its money without success, it may resort to sending a 21-day Statutory Demand for payment. This procedure requires no court invol...
Added: Thu, 16 Mar 2017 On the 6th April 2017 the application to replace all existing insolvency rules in England and Wales will come into place. When they come into force, they will repeal and replace the Insolvency Rules 1...
Added: Thu, 09 Mar 2017 A company voluntary arrangement (CVA) is a formal insolvency process. It is used when a company cannot pay all of its debts, however, it allows the company to trade on during the insolvency process wi...
Added: Thu, 16 Feb 2017 The new rules come into play on the 6th April 2017 which will guide the future of insolvency practice. The update represents the biggest change to insolvency law in 30 years.
While the change...
Added: Thu, 09 Feb 2017 Below is the summary of the latest data published by The Insolvency Service on company insolvency.
Key Findings in Q4 2016
This quarter has seen an increase of company insolvencies overall with an e...
Added: Thu, 02 Feb 2017 The number of people declared bankrupt owing to unmanageable debts was 13% higher in 2016 compared with the previous year, official figures show.
In England and Wales, a total of 90,930 people were m...
Added: Mon, 30 Jan 2017 Insolvency Case Administrator
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Added: Thu, 26 Jan 2017 By identifying potential personal risk areas, a strategy can be adopted to minimize or reduce areas of risk.
Common risk areas for Directors In A Creditors’ Voluntary Liquidation include:
&nbs...
Added: Thu, 19 Jan 2017 The Implications of liquidation on company directors
A director needs to be mindful that he/she does not continue to trade a business on when there is no prospect of it trading out of its fin...
Added: Thu, 19 Jan 2017 The 6th April 2017 brings with it a new set of insolvency rules in the insolvency industry. The Insolvency (England & Wales) Rules 2016 is aimed at modernising and updating present procedures whic...
Added: Thu, 22 Dec 2016 What is a Creditors’ Voluntary Liquidation (CVL)?
When a company cannot pay its debts when due, it is deemed insolvent and the directors of the company have to decide whether it is the right co...
Added: Thu, 15 Dec 2016 What is a Members Voluntary Liquidation?
A Members Voluntary Liquidation (MVL) is used when a company is solvent and the shareholders wish to close down the company. This can be du...
Added: Thu, 01 Dec 2016 It’s a difficult situation when you are firmly entrenched in a supply chain and your clients are the feed for this chain. What would happen if one of your clients became insolvent and stopped tr...
Added: Fri, 25 Nov 2016 Below is the summary of the latest data published by The Insolvency Service on company insolvency.
Company insolvency in England and Wales
Key findings for Q3 2016
This qu...
Added: Thu, 10 Nov 2016 If your employer goes into liquidation, what happens to your pension?
You will either have a pension through the company that has now gone into liquidation, known as a company pension or a personal ...
Added: Thu, 03 Nov 2016 What happens to employees when the company they work for goes into liquidation?
If it is compulsory liquidation employees’ contracts of employment automatically terminate at the time of l...
Added: Thu, 27 Oct 2016 When HMRC are threatening to put your company into liquidation it will mean that they have to apply for a winding up petition which will force the company into compulsory liquidation.
A winding up pe...
Added: Thu, 20 Oct 2016 When a company goes into liquidation the costs of the proceedings are usually paid out of assets. This guide is intended to help creditors be aware of their rights to approve and monitor fees and expl...
Added: Thu, 13 Oct 2016 No director should be hurried into putting their limited company into liquidation. Not all company liquidators are the same. Different liquidators focus on different areas of business and have differe...
Added: Thu, 06 Oct 2016 There are several definitions of insolvency. One is if you are unable to repay your debts on time, you are then classed as insolvent.
There are also several debt solutions available if insolven...
Added: Thu, 15 Sep 2016 We're thrilled to launch our brand new website!
Our new website has been designed to not only give you current information on our insolvency services but to show you the people within our tea...