The Insolvency Service has confirmed that two thirds of respondents believe that a pre-insolvency temporary moratorium being made available to companies would facilitate business rescue. However, concerns have been raised
The insolvency trade body R3 is warning individuals struggling with debt only to take guidance from licensed and regulated advisers – turning to unscrupulous and unlicensed debt advisers could actually make their situati
The rate of decline in the UK construction industry slowed in August according to the Purchasing Managers' Index ("PMI") of activity.
Experts see this as a potential sign that the economy is weathering Brexit better tha
Yorkshire manufacturers have performed relatively very well in August 2016 with the region having the lowest proportion of businesses at higher than normal risk of insolvency, according to research by insolvency trade bo
Statistics provided by the Insolvency Service for the period April 2016 to June 2016 show that personal insolvencies have increased for the fourth quarter in succession.
An expert at the Money Advice Trust expects this
The consensus of economists was that the UK economy would shrink after an EU exit, the think tank said.
It warned ministers could react to a post-Brexit GDP fall with either deeper cuts, or by extending them.
Amidst the latest high profile retail collapses - including BHS and Austin Reed - insolvency trade body R3 is calling on the government to offer struggling companies a period of up to six weeks free from creditor pressure
In a recent survey of 350 insolvency practitioners (IPs) undertaken by the insolvency trade body, R3, more than 50% are of the opinion that HMRC makes it more difficult to rescue businesses than wind them up.
Thousands of entrepreneurs are expected to put their companies into solvent liquidation (i.e. 'Members' Voluntary Liquidation') over the next three months. This is because tax rules that come into force on 6 April 2016
It is anticipated that more than a thousand redundancies will be made at Tata Steel plants in the coming weeks, with sites in South Wales being the worst affected.
The latest job losses come after Tata Steel laid off 1