We have offices in Northampton, Banbury, Coventry, Hitchin, Milton Keynes and Spalding

BRI Business Recovery and Insolvency

We are an independent company of insolvency practitioners committed to finding the right solutions for businesses and individuals in financial difficulty

Monthly Archives: October 2017

Young adults in seaside towns hit by a rising tide of debt

30 October 2017:  Statistics issued recently by the Insolvency Service highlight the impact of debt on young families living in seaside towns in England and Wales. The number of insolvencies amongst young adults rose by 31% between 2015 and 2016 with the highest rate of insolvency in the 18 to 34 year old bracket being found...
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Debtors may be given ‘breathing space’

24 October 2017:  The government proposes new plans where, for a period of time, debtors would be exempt from further interest, charges and enforcement action. The plans were first announced by the government in this year's manifesto in order to give debtors the chance to seek advice. Causes of debt can range from the sudden loss...
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New addition to the Coventry team

19 October 2017: We are pleased to announce that the Coventry team has been strengthened with the hire of a new insolvency administrator, Laura South. Laura has over five years’ insolvency experience and joined us from a boutique Birmingham-based firm. Now a Warwickshire local but originally from Hertfordshire, Laura has hit the...
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Another great return for creditors in a liquidation

17 October 2017: The Milton Keynes office is now taking steps to close a voluntary liquidation which commenced in February 2014. The assets in the liquidation comprised plant and machinery, book debts, land in the UK, property abroad, as well as a number of transactions requiring investigation. The Company’s statement of affairs anticipated realisations of approximately...
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When to take advice?

5 October 2017:  As a general rule, the earlier advice is sought, the more options are available. This is paramount if a company is facing difficulty and is being pressured by its creditors. One option for a pressing creditor who is owed more than £750 is to petition the court for its debtor company to be...
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A Royally Popular Event

4 October 2017: Business professionals from the Isle of Wight’s accounting, legal, financial and business advisory communities have been enjoying attending BRI’s Island Professionals Lunch Club for more than 4 years. The latest lunch was held recently at its usual venue, The Castle Inn in Newport. Parts of the building date from 1300 and it...
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DMPs – The New PPI?

2 October 2017|: Debt Management Plans (DMPs) have been increasing in popularity over the past few years as they offer a non-formal way for an individual to deal with their debts. Essentially, a DMP is an informal arrangement whereby an individual will pay their creditors a set amount per month over a period of time...
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