HMRC along with a number of other creditors were threatening to petition for the bankruptcy of the debtor. The debtor was referred to BRI Hitchin by a local solicitor. The debtor, following a messy divorce, had no instant cash. However, he did have assets in the UK and abroad and could agree to repay the liability...

26 June 2017:  Alan Limb, from BRI’s Southampton Office, comments that HMRC still seem generous with the amount of credit it allows some Companies. 

HMRC is an involuntary creditor. It has little control over how much businesses owe it. The only way for HMRC to stop “lending” more money to Companies...

It has been reported that Dan Edgar, a star of constructed reality TV show The Only Way Is Essex, recently signed a disqualification undertaking for 14 years following an investigation by The Insolvency Service. This means that Mr Edgar cannot be involved in the promotion, formation or management of a limited company for the...

14 June 2017:  BRI Business Recovery and Insolvency's Annual Golf Day was held at Northampton Golf Club on 7 June 2017. Whilst the wind proved difficult for all, we were blessed with sunshine throughout and the course was in very good order despite torrential rain the day before.

With plenty of...

12 June 2017: A Company Voluntary Arrangement (CVA) can be an effective tool to allow the directors an opportunity to address the company’s debt problems and to reorganise the business. CVAs are designed as a mechanism for business rescue and will result in a greater return to creditors in comparison to other insolvency procedures....

[caption id="attachment_1134" align="alignright" width="276"] Picture of the BRI Northampton Team the day before the anniversary party[/caption] BRI Northampton Office 35^th Birthday Party The BRI Northampton Office team were delighted to be joined by so many professional contacts and friends for their 35^th Birthday...