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Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…

Key Implications of the UK’s Insolvency Act

On 25 June 2020, the new Corporate Insolvency and Governance Act (the “Act”) received Royal Assent. We anticipate that the changes introduced by the Act will have a significant impact on the future direction of the UK restructuring market. The purpose of the Act is to promote a stronger rescue culture in the UK, providing…

The new Corporate Insolvency and Governance Act: Implications for asset-based lenders | United Kingdom | Global law firm

Key points for asset-based lenders We explore the implications for the Act in the context of asset-based lending below. Key points to note are: The Act introduces a new “moratorium” procedure allowing eligible companies to continue to trade whilst being protected from creditors who may not take enforcement steps against them. The moratorium…

Fresh produce wholesaler based in Reading goes into liquidation

A long‑standing fresh produce wholesaler has gone into liquidation. C.A. Belcher & Son Limited, a family‑run fruit and vegetable wholesaler trading as C A Belcher & Son in Lower Earley, entered creditors’ voluntary liquidation on February 2. Two insolvency practitioners from Reading‑based KRE Corporate Recovery have been appointed to wind up the business. According to…

Does the VA have a debt relief program?

The VA offers certain types of debt relief to military members — but it’s both targeted and limited. Patrick Strattner/PS Photography/Getty Images Over the last couple of decades, the federal government has expanded many of the benefits offered to veterans, from healthcare access to bolstering disability claims processing and rolling out new homebuying protections. But…