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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: February 2018

Carillion – Insolvency Service update

27 February 2018: The Insolvency Service has today updated their website with information for employees, sub-contractors and creditors following the liquidation of Carillion. The information provided includes how sub-contractors will not be entitled to the same claims as employee from the Redundancy Payments Office. Updates for creditors and how they should claim in the...
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Food for thought

22 February 2018: 2018 has already seen a number of high-profile restaurant insolvencies hit the headline with Jamie’s Italian, Prezzo, Byron Burger, Square Pie and EAT all encountering problems. Perhaps this should not be a surprise given that the number of restaurant businesses entering an insolvency process last year increased by 20% according...
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Bucking the trend with innovative solutions

19 February 2018:  The Insolvency Service recently published its figures for 2017 and the news highlighted concerns.  Personal insolvency numbers are at their highest since the financial crisis of 2008, up by nearly 10%.  The number of corporate entities facing formal insolvency processes are also on the rise. The statistics are based on the formal recorded...
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Avoid becoming a statistic!

7 February 2018: The corporate insolvency statistics for 2017 have been published and the key finds are detailed below: Company insolvencies increased overall, with an estimated total of 17,243 companies entering insolvency in 2017, a rise of 4.2% on the year before. This was driven by an increase in creditors’ voluntary liquidations (CVLs) of...
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Insolvency Service cracks down on debtors

5 February 2018: The Insolvency Service is clamping down on individuals who are disposing their assets irresponsibly rather than repaying debts. Bankruptcy restriction orders (BROs) issued by the Insolvency Service has increased in 2017 to crack down on the ‘dissipation of assets’. ‘Dissipation of assets’ is when an individual is considered to have unreasonably disposed of...
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