Business insolvencies could be on the increase in uncertain times This suggests that the financial ramifications of the Brexit vote are already beginning to hit home and businesses should prepare for the fact that there could be worse to come, according to Simon Underwood, partner and business recovery specialist at Menzies. Crucially, the 5.5 per…
As many as 15,000 people will, within 12 months, avail of the mechanisms in new personal insolvency legislation before the Oireachtas, it has been claimed. Next months Personal Insolvency Bill will offer secured borrowers and lenders in arrears a reasonable alternative to bankruptcy, says one respected analyst. Fergus Doorly, insolvency and corporate recovery partner with…
6:31 PM GMT One of the sad facts of life in F1 is its often transitory nature. People come and go, either tiring of the constant travel and opting for a factory role or a total career change, and teams can fold in an instant, taking hundreds of people with them overnight. Such is the…
6:31 PM GMT One of the sad facts of life in F1 is its often transitory nature. People come and go, either tiring of the constant travel and opting for a factory role or a total career change, and teams can fold in an instant, taking hundreds of people with them overnight. Such is the…
LONDON (Reuters) The number of people declared insolvent in England and Wales rose last year for the first time since 2010, after hitting a post-financial crisis low in 2015, official figures showed on Friday, raising concern about households financial health. Britains economy was the fastest-growing major advanced economy last year, despite initial fears that Junes…
By Reuters Published: 02:18 +11:00, 28 January 2017 | Updated: 02:18 +11:00, 28 January 2017 e-mail LONDON, Jan 27 (Reuters) – The number of people declared insolvent in England and Wales rose last year for the first time since 2010, after hitting a post-financial crisis low in 2015, official figures showed on Friday, raising concern…
Official statistics released today (January 27) by The Insolvency Service, which administers the insolvency regime in England and Wales, show that total personal insolvencies reached a total of 90,930 last year. This was a 13 percent rise on 2015. This total comprised 49,745 IVAs, which were up 23 percent year-on-year and returned to the levels…
The taxmans failure to properly pursue the UKs richest people risks undermining confidence in the entire system, according to parliaments spending watchdog. The Guardian reports that the Public Accounts Committee has concluded that Britains super-rich appear to receive preferential treatment from HM Revenue & Customs. The MPs report, released this morning, scrutinised HMRCs specialist unit,…
Insolvency Service statistics show the total number of company insolvencies was higher in 2016 than the previous year, primarily because of 1,796 connected personal service companies entering liquidation on the same date following changes to claimable expenses rules. Taken this into account, the underlying number of company insolvencies was broadly unchanged in 2016 compared with…
A total of 90,930 personal insolvencies were recorded across England and Wales in 2016 The number of people being tipped into insolvency jumped 13% last year amid fears that the “tide has turned” for household finances. Figures from the Insolvency Service show 90,930 personal insolvencies were recorded across England and Wales, rising 13.1% from 2015.…