Anyone who is declared bankrupt can apply to challenge the fees and expenses which are charged by a trustee in bankruptcy, by requesting the court’s permission to make an application that the court make an order to reduce the trustee’s […]
Bankruptcy
Both Bankruptcy and Involuntary Voluntary Arrangements (IVA) are legally binding agreements between you and your creditors. Both must be accepted by the court and your creditors must abide by them. Any debt owed to individuals or business in the EU […]
After attempting to circumvent bankruptcy rules, two Lincolnshire business owners were given a combined 16-year trading ban and had their company wound up by court order. Daniel and Yasmin Patchett, husband and wife, were forbidden to serve as directors for any corporation after investigators learned that during his time of bankruptcy, Daniel was handling […]
Businesses across the UK are facing significant challenges in 2022. The continuing fallout from the Coronavirus pandemic, increasing inflation, rising interest rates, and now the war in Ukraine, the latter driving up fuel and energy prices even further, are providing […]
If a person wishes to make someone bankrupt in the UK they need to be owed the sum of £5,000 or more. This is in comparison to the sum being just £750 as of 2015. The individual petitioning for your […]
Bankruptcy can be an awful situation to find yourself in. When a person is made bankrupt most of their assets including their home vests in the official receiver, who often appoints a trustee in bankruptcy to then investigate the bankrupt’s […]
The current uncertainty arising from Britain’s exit from the European Union may see a rise in people facing bankruptcy in the coming years. Some businesses are downsizing and many others are implementing a hiring freeze. This may lead to an […]
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