How can a director have a potential personal guarantee with a bounce back or CBIL loan when they did not sign up for a PG? Debbie Cockerton explains all. As I write this the government has just announced another four-week…
Category: Insolvency
Don’t let our clients leave it too late to get help
The great Covid-19 liability write down is under way, says Richard Simms. Having had numerous discussions with accountants recently, it is apparent that a number of their clients are holding on to an increasingly unrealistic view that further Government help…
New insolvency Rules Explained and it’s about giving businesses breathing space
What does the new Corporate Insolvency and Governance Act 2020 mean for your clients? Debbie Cockerton explains all. The government are trying to get the country back on its feet and people back to work, and although the number of…
Covid-19 zombie companies beware
Debbie Cockerton explains why these are dangerous times for companies living on the edge – and their employees. The epidemic is ongoing and while the government are attempting to bring the country out of lockdown in stages, we are still…
Personal insolvency on the increase
The latest figures show that personal insolvencies are on the up. Debbie Cockerton explains why. Now that Brexit has finally happened everyone is settling down to some sort of normality and getting on with the work that was put on…
How will new insolvency rules affect creditors?
Debbie Cockerton explains what impact the new Insolvency Rules 2016 will have Out with the old Insolvency Rules 1986 and in with the new Insolvency Rules 2016. The new rules have now been in effect since 6 April 2017…
Stay on the Right Side of the Law
What is the reality of trading while insolvent? Debbie Cockerton navigates you through these dangerous waters To an insolvency practitioner the expression “trading whilst knowingly insolvent” is used on a daily basis. However, if you are a director of…