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Insolvency & Recovery

Five common questions from charity trustees when facing financial difficulties

Wednesday, 10 July 2024

Our Insolvency & Recovery team discusses five common questions from charity trustees when facing financial difficulties.

What happens when a deceased’s estate is insolvent?

Wednesday, 5 June 2024

Lee’s blog discusses what may happen if you find yourself dealing with an insolvent estate.

What directors need to know about overdrawn Director Loan Accounts

Monday, 20 May 2024

Lee Green looks at the implications of Director Loan Accounts when a company goes into liquidation and emphasises that not all directors are aware of their personal liability if the account is overdrawn.

Warning signs of insolvency

Tuesday, 9 April 2024

Insolvency practitioner and partner, Lee Green, sets out ten warning signs of insolvency.

What if my employer enters liquidation?

Monday, 26 June 2023

Being made redundant as part of insolvency can be a hugely distressing time for you and your family, leaving you with many questions. What does this all mean for you and how can you get the money you’re owed?

What is liquidation?

Monday, 19 June 2023

Our Insolvency & Recovery team discusses the differences between solvent and insolvent liquidation and the role of the liquidator.

Bounce Back loans: What are the options when a company enters liquidation?

Tuesday, 18 October 2022

The Bounce Back loan (BBL) scheme was introduced to support businesses during the COVID-19 pandemic. We set out some considerations for companies that have taken out Bounce Back loans and subsequently enter liquidation, including whether there is personal liability for directors.

Directors of limited liability companies may have personal liability for outstanding amounts owed to HMRC

Monday, 6 December 2021

Lee Green looks at HMRC’s recent guidance update about possible joint and several liability notices being issued to directors of insolvent companies that have a tax liability with HMRC. 

Insolvency ‘preference’ payments: What directors should be aware of

Tuesday, 23 November 2021

A ‘preference’ occurs when a company facing insolvency puts a specific creditor, or group of creditors, into a better position than the other creditors. A director could face personal liability if a preference has been made, which could result in the director being disqualified.

Changes to winding-up petitions announced

Thursday, 16 September 2021

The Government has announced changes to winding-up petitions, with effect from 1 October 2021 – withdrawing some of the protections currently afforded to businesses. Lee discusses how this impacts businesses facing the threat of insolvency.


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