Sharp Rise in March 2016 Liquidation Figures

A recent report by R3 has shown that the number of solvent liquidations was nearly triple that in March 2015, rising from 992 to 2,663, with the monthly average for the 12 months prior to March 2016 being 768. The number of solvent liquidations began to rise at the end of 2015 when the new…

Directors Offences in Liquidation

Directors Offences in Liquidation When a company is placed into liquidation, either via a Creditors Voluntary Liquidation or a Compulsory Liquidation, the conduct of the directors will form an integral part of the investigations made by the office holder. Most directors are not even aware of their duties as a director of a limited company…

Variation Meetings for IVA’s

Variation Meetings for IVA’s An Individual Voluntary Arrangement (IVA) is a debt solution available in England, Wales and Northern Ireland and is available for individuals who have a minimum debt value of £4,000. An IVA is a legally bound agreement between the individual and their creditors with the debtor having a duty to adhere to…

London’s Criterion Restaurant Enters Administration

The Criterion Restaurant in Piccadilly Circus has called in Administrators due to a steep rise in its rental costs. The article states that the rent has been increased by some 60% from £525,000 to £850,000 a year, a fee which the 141 year old business is unable to afford and subsequently rent arrears of £517,000…

Football League Toughens Insolvency Rules

New rules which are to be implemented within the Football League will now ensure that unsecured creditors receive at least 25% of their debt. The Football Creditors’ Rule, which guarantees 100% repayment of debts to clubs and players for transfers and wages, will be retained, however these new rules will attempt to increase the return…

Annual Insolvency Seminar

Annual Insolvency Seminar On June 10th 2015 DCA Business Recovery LLP will be holding our annual Insolvency Seminar at Hylands House, Chelmsford. This event is free to attend and will look to provide more information on a few key Insolvency topics. Our guest speaker this year will be Marc McLennan of Sport and Star Autographs,…