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Britain a "bankruptcy brothel" says Wind Hellas pre-pack creditor

by admin | Mon, 03/08/2010 - 11:37

The restructuring of Wind Hellas, a Greek telecoms company, has prompted the Sunday Times to repeat a claim by Bertrand des Pallières, of hedge fund SPQR Capital, that Britain is becoming a bankruptcy brothel. In this high profile example of...

Portsmouth FC's insolvency lessons

by admin | Fri, 03/05/2010 - 11:26

Portsmouth Football Club's insolvency has valuable lessons for other troubled businesses. Why did this premiership club that has been established for over 112 years go bust?

Winding up petition

by admin | Thu, 02/18/2010 - 06:28

If a winding up petition is served directors should comply and seek professional advice on the options available for the business as soon as possible.

Winding up petition - has your business been served a winding up petition?

by admin | Thu, 02/18/2010 - 06:28

If a winding up petition is served directors should comply and seek professional advice on the options available for the business as soon as possible.

Winding up petition - has your business been served with a winding up petition?

by admin | Thu, 02/18/2010 - 06:28

If a winding up petition is served directors should comply and seek professional advice on the options available for the business as soon as possible.

Poland 1 - Germany 0: Unlawful Attachment in MG Probud

by admin | Wed, 02/10/2010 - 04:49

The European Court of Justice (Case Number C-444/07) has held that the German court was not entitled to make an attachment order against the German assets of MG Probud Gdynia sp. z o.o. ('MG Probud'), which was subject to Polish winding up proceedings.

Corporate insolvencies fall - a temporary blip?

by admin | Mon, 02/08/2010 - 10:23

The headlines from the statistics released last week by the Insolvency Service focus on the record increase in personal insolvencies.

Pre-packs are still good for creditors

by admin | Thu, 01/21/2010 - 04:44

The Government's Insolvency Service says: "We maintain the view that in the right circumstances pre-packs can be a useful tool".

Administrators beware - post administration rent is an expense

by admin | Mon, 01/18/2010 - 04:28

Not only is rent an administration expense, but it is payable on the terms of the lease. Having the company occupy only part of the premises on a quarter day will in most cases trigger an administration expense liability for...

HMRC Time to pay arrangements - recent developments good news for partnerships - more due diligence by HMRC

by admin | Tue, 01/12/2010 - 04:30

There was speculation that the Business Payments Support Service (BPSS), which provides assistance by agreeing to deferred payments for those businesses facing difficulties, was to be closed.