Author Archives: Craig

Insolvency specialists become … insolvent

Posted on February 7, 2012 by Craig

Insolvency specialists go into administration In an unusual twist on the current economic conditions (you might think that Insolvency specialists are in on eof the only sectors which should still be thriving) Bond Partners LLP, a firm which had offices … Continue reading →

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Top accountancy firm insolvent !

Posted on December 5, 2011 by Craig

Even accountants not immune from insolvency Think accountants, think financial prudence and a safe pair of hands – yes, but accountants are in business just like all the rest of us, and they are not immune to insolvency, nor are … Continue reading →

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Court of Appeal case on removing administrators

Posted on August 27, 2011 by Craig

Court of Appeal case regarding administrators The recent case of  Finnerty and another v Clark and another [2011] EWCA Civ 858 is very interesting relating to the issue of applications to remove administrators. Those in the insolvency field will already … Continue reading →

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Property loans & Ireland, the position gets worse

Posted on August 5, 2011 by Craig

Bad loans in Ireland – we knew it was bad but … The latest half yearly results from Lloyds Banking Group show some quite scary figures. We are all aware that due to unprecedented cavalier lending in the property sector, … Continue reading →

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Not blue sky thinking but positive action

Posted on May 19, 2011 by Craig

Insolvency – happy endings ?! Some much needed commonsense is working wonders in the current economic environment. Insolvency practitioners are all too often seen as “executioners” in terms of jobs but under a scheme running very well, co-operation between IP’s … Continue reading →

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SME’s finance and business failure

Posted on May 3, 2011 by Craig

Some stats about what small businesses can’t get credit In the ongoing credit crunch environment, with banks being extremely reticent to lend, and with such situation likely to represent the reality for some time to come, a business seeking credit … Continue reading →

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Judgment numbers down but value up

Posted on March 12, 2011 by Craig

The number of county court judgments (CCJs) against businesses in England and Wales fell by more than a quarter in 2010 to their lowest level in two decades. A total of 150,900 judgments were issued during the year, which was … Continue reading →

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Facts & figures update

Posted on March 12, 2011 by Craig

Experian, the well known credit reference agency, have provided some fascinating new figures about the latest picture on business failures in the UK. Selected facts of possible interest for readers are :- In numerical terms, the number of overall UK … Continue reading →

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The Insolvency Service gets tough

Posted on February 17, 2011 by Craig

The Insolvency Service is now banning more rogue directors for longer periods. The number of director disqualification orders made by the Insolvency Service for a period of 5 or more years, representing some 2/3 of the overall orders to disqualify, … Continue reading →

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