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ivas & personal bankruptcy
Bankruptcy petition an abuse of process
You may remember an earlier post Liquidation and bankruptcy petition dangers, where I highlighted a legal decision emphasising that a petition is not to be used to pressurise a debtor into paying one creditor. Ruth has asked about how to...
Credit crunch hits UK businesses
The number of companies facing insolvent liquidation rose by 15% during the second quarter of 2008, as compared to the same period last year, as the credit crunch continues to impact upon the UK economy. Figures from The Insolvency Service...
Individual insolvencies unexpectedly fall
The number of individuals becoming insolvent fell 8.3% to 24,553 in the second quarter, surprising analysts who expected to see an increase as evidence that higher living costs were impacting upon people's finances. Individual insolvencies were made up of 15,297...
Bankruptcy annulment
The High Court insists on payment of the bankruptcy debts and expenses being made in full before granting an annulment order, whereas in the county courts orders are often granted based upon undertakings to pay. In the case of Halabi...