It looks like I was right to predict the start of the autumn would herald the end of covid insolvency aid for limited companies, but fortunately for any contractors in distress, the aid officially running dry on Thursday September 30th wont make it business as usual on Friday October 1st, writes Gareth Wilcox, partner at Opus Restructuring & Insolvency
Contractor refresher: what is covid insolvency aid?
Following the onset of the covid-19 pandemic, the government implemented the Corporate Insolvency and Governance Act 2020 (CIGA).
This provided a life-raft of protections for companies including forbearance with statutory filing requirements, a suspension on wrongful trading and a prohibition on creditors presenting winding-up petitions …
Read the full article at: https://www.contractoruk.com/limited_companies/covid_19_insolvency_aid_ending_limited_companies_can_wean_themselves_first.html
