Legal professionals often draw inspiration from the stories of those who have paved the way with dedication, resilience, and excellence. One such luminary is David Oliver, a figure whose career...
Four district councils located in London’s commuter belt have amassed debts totalling approximately £4.2 billion, equating to around £10,000 per resident.This is primarily due to problematic property investments. Woking,...
An undischarged bankrupt is a person who has been legally declared bankrupt but has not yet received their release from the restrictions associated with bankruptcy. What is bankruptcy? Bankruptcy is...
Introduction There has been some recent relief for homeowners when the Bank of England left interest rates unchanged at 5.25% on 21 September following 14 consecutive rate rises. Although a...
As a company director, you will no doubt be aware that you have a various duties relating to your position, all of which centre around making sound strategic decisions and...
The firm has really accelerated this year in its drive to be ‘the very best” and the new rankings, out in Chambers today support, this and our continued drive to...
How do you know if your company is in distress? If you’re in a cashflow crunch – creditors paying late, suppliers charging more and bills due – you may...
The decision to go bankrupt is never taken lightly and can come with various consequences, one of the most critical being how bankruptcies affect your credit. When someone declares bankruptcy,...
UK Construction companies have gone out of business at the highest rate in a decade. Figures from the Insolvency Service provides that 4,280 operators unfortunately became insolvent in the 12...
We are excited to share our Legal 500 rankings for this year and would like to take the opportunity to thank our wonderful clients and contacts who have made this...
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...