SMEs cautioned on cash-flow pressure as insolvency reforms kick in – AccountantsDaily

Troubled businesses looking to access the new simplified debt restructuring process should be wary of a potential cash-flow squeeze, says an insolvency partner. Since 1 January, business with liabilities of less than $1 million and are up to date with their tax lodgements and employee entitlements have been able to access a simplified debt restructuring…

Gambling Related Suicides May Force Indian State Of Kerala To Ban iGaming – Legal Gambling News

iGaming operators have been keeping a close watch on the fast growing Indian online gaming market which has become bigger with every passing year. The COVID-19 lockdown worked well for Indian online gaming operators as they witnessed a significant boost in new player registrations and player traffic during the 2020 lockdown. However, the sudden increase…

Scarborough top for bankruptcy in England and Wales – pandemic is likely to make it worse – The Scarborough News

Statistics released by the Insolvency Service show that even before the financial effects of Covid-19 hit peoples incomes, Scarborough recorded the highest level of personal insolvencies of any local authority across England and Wales. There were 453 cases of bankruptcy in the borough in 2019 – a rate of 50.8 per 100,000. That number was…

Scarborough named local authority with the highest personal insolvencies in England and Wales – Business Up North

Eleanor Temple, Yorkshire Chair of R3 The latest annual personal insolvency statistics for 2019, recently released by the Insolvency Service, show that even before the financial effects of COVID-19 hit peoples incomes, Yorkshire and the Humber once again saw above-average rates, and Scarborough recorded the highest level of personal insolvencies of any local authority across…

Window cleaning boss banned after failing to account for £1.7m – Mirage News

Nicola Bentley (39), from Oxted, Surrey, was the sole director of Stephensons (National Window Cleaning) Ltd and has now been disqualified from being a company director for 7 years. Her ban is effective from 31 December 2020. The company was incorporated in January 2017 and provided window cleaning services, predominantly for bookmakers. The window cleaners…