Daily Archives: October 1, 2014

Are Zombies Playing With Insolvency Statistics?

Firstly, what are Zombie companies? Well a Zombie company is a business which exists but only to that point. It has no way of resolving its financial difficulties and profits are only used to pay interest payments and not to reduce the debt. Typically it is a company with no chance of long term recovery.…

R3 Calls On Next Government To Commit To Insolvency Reforms

Trade Body R3 have called for the Government to commit to a series of reforms to the UK Insolvency regime. In particular R3 have asked for reforms to: Legal funding for Insolvency cases Returning money from rogue directors to creditors The treatment of small business creditors in football insolvencies The governments approach to being a…