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Declaring bankruptcy is often considered to be a last resort, as the experience can feel incredibly daunting and anxiety inducing. Those going through bankruptcy may be left feeling deeply concerned...
A winding-up petition is a legal mechanism that creditors can use to shut down a business that is unable to pay its debts. This is known as ‘winding up a...
Christina Fitzgerald and Monica Kapur will both join Isadore Goldman as directors in September, based in the firm’s London office. Christina, a solicitor and Licensed Insolvency Practitioner, joins from another...
For someone struggling with overwhelming debt, a potential option to explore would be an Individual Voluntary Arrangement (IVA). An IVA is a formal agreement between an individual and their creditors...
Sports clubs are more than entertainment businesses, they are the cornerstone of communities, providing a sense of identity for fans and supporters. When they go into administration, as a growing...
Could buying an insolvent business or its assets be the right opportunity for you? A company in crisis could prove to be profitable, if you have the right resources and...
As Deliveroo announced their partnership with Buy Now Pay Later (BNPL) giant Klarna, allowing customers to pay for their takeaway food deliveries in instalments, we ask whether Eat Now Pay...
In the recent judgment in Elser v Sands and Others, Chief ICC Judge Briggs refused to allow the Chairman of a meeting of creditors, convened for the purpose of approving an...
The thief, his wife and a canoe has been airing on TV recently, chronicling the story of John and Anne Darwin and their elaborate fraud designed to avoid spiralling debts...
A recent case in the High Court of Justice, undertaken by the Insolvency Service, highlights the worrying and growing trend of rogue advisors, particularly prevalent online, offering “unlicensed insolvency services”...
As practitioners will be aware, the Finance Act 2020 allows HMRC to significantly expand their powers to obtain recoveries of unpaid tax both directly and via insolvency procedures. One of...
More than a year of socially restrictive measures has seen many industries move to a fully digital work environment. While this change is welcomed by many, it has also raised...
As news of the merger between Wedlake Bell and Moon Bever reached our desks this week, and the increasing conversations around #TheBigShift it gave us cause to reflect upon Isadore...
Under Section 284 of the Insolvency Act 1986 any dispositions post presentation of a bankruptcy petition are void, unless ratified by a court. (For more information on validation orders, see...
On 16 September 2020, the Government confirmed that it is extending the moratorium on commercial possessions until 31 December 2020. https://www.gov.uk/government/news/government-extends-support-to-stop-business-evictions-this-year? Landlords should make sure they protect their rights to...
The Lord Chancellor, the Right Honourable Robert Buckland MP, Secretary of State for Justice, has approved and signed a new Insolvency Practice Direction (“IPD”), which came into force on 3...
On 23 April 2020 the Government announced a temporary ban on landlords using statutory demands (made between 1 March 2020 and 30 June 2020) and winding up petitions (presented from...
New legislation that stops forfeiture Most standard commercial leases include a right of re-entry which entitles the landlord to forfeit the lease in the event of a default by the...
Insolvency Practitioners and others should be aware of a number of changes to the format and content of witness statements that are effective from today. Any witness statements signed from...
Right on cue, law firms up and down the country are issuing briefing notes to their clients and contacts about directors’ duties, and the risks that directors run if they...
The Court has recently published procedures that it will follow for upcoming hearings including winding up petitions. Further to our recent bulletins, although the Courts will still be trying to...
It has been confirmed that the Insolvency & Companies Court has adapted rapidly to the existing emergency situation and now intends to progress winding-up cases remotely, so far as possible,...
On 28 March 2020, Alok Sharma, the UK Business Secretary confirmed that the Government will be introducing new insolvency laws to reduce the burden on businesses and give them breathing...
On 23 March 2020, Insolvency and Companies Court Judge Mullen set out the Court’s emergency response to managing winding up hearings during the COVID-19 lockdown. Upon considering the current situation...
The impact of COVID-19 on businesses and individuals is already enormous. There has been a huge reduction in demand for non-essential goods, hospitality and transportation. Recent days have also seen...
Overview COVID-19 has already caused significant disruption and uncertainty in the legal sector, but how is it going to impact on the operation of the courts and tribunals? Lord Chancellor,...
The Court of Appeal has recently handed down its decision in Watson v Kea Investments Limited [2019] EWCA Civ 1759. The case concerned a claim for breach of trust against...
The creation of the limited liability company in the 19th century has been described by some as the most important invention of the industrial age. But in recent times the...
When a litigation funder finances a claimant to take proceedings, which are unsuccessful, and the claimant is not in a position to pay the defendant’s costs, it is possible for...
If you are a company director searching on Google how to declare an interim dividend, the answers you get would suggest that a board meeting is required. After all Part...
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