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Debbie Cockerton currently writes monthly articles for the Independent Certified Practising Accountant (ICPA) newsletter covering all insolvency areas.
Copies of these articles can be found below.
Should you require any further information on any matters discussed in these articles please do not hesitate to contact us.
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 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…
Tax Changes Affecting Your Suitability for a Solvent Liquidation As at 6 April 2016, changes brought about by the Finance Bill 2016 have been implemented to prevent tax avoidance by shareholders of companies utilising the solvent liquidation process to obtain a tax advantage. HM Revenue & Customs consider that utilising the solvent liquidation process just…
Changes to Fee Disclosure by Insolvency Practitioners With effect from 1 October 2015, insolvency practitioners’ will be required to provide additional advance information to creditors prior to having the basis of their remuneration approved. The Insolvency (Amendment) Rules 2015 (SI 2015/443) were laid before Parliament on 3 March 2015, and the requirement to provide the…
Shadow, De Facto and De Jure Directors. Which one are you? The above terms are often used in Insolvency proceedings and something that all directors and senior company personnel want to know more about. As many of you will know a director is a person who is in charge of the running of the business.…
New Pension Changes to Increase the Number of IVA’s? Following on from the announcement of the new Pension Freedom we find ourselves less than two weeks away from the commencement of the changes outlined in last year’s budget. From 6th April 2015 anyone over the age of 55 will be able to withdraw their entire…
Floating Charges – The Power of Invalidation? Most small businesses are struggling with cash flow in this economy and when the bank refuses to increase the overdraft, or offer the business a loan, where do the business owners turn to? It is hard enough to find the funds to pay the wages at the end…
DON’T DELAY WITH A CVA! We often speak to accountants and creditors that they have received a Company Voluntary Arrangement (CVA) proposal in the post and they have no idea what it means or what to do with it. This article proposes to briefly answer both of those questions, and tell you how we can…
HMRC flexing their muscles! Now that accountants have got over the end of the January deadlines for the filing of self assessment returns, perhaps now is a good time for accountants to reflect and take a closer look at limited companies accounts to see if any of their clients need to take advice, as perhaps…
The Dangers of Dissolution The growing number of companies currently struggling with their financial affairs has seen the prudent question of ‘why pay to liquidate, when I can wait for dissolution?” increasingly asked. Of course, most companies asking themselves this question have either become accustomed to watching their pennies or simply cannot afford the services…