REVEALED: Latest business liquidations in Brisbane – The Courier Mail
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
REVEALED: Latest business liquidations in Brisbane The Courier Mail Read the original article here
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A new dedicated taskforce is being created to target rogue directors setting up new firms from the ashes of their failed ones to avoid repaying debts. Under a raft of measures to tackle fraud announced in the Autumn Budget, chancellor Rachel Reeves said she will give the Insolvency Service an extra £25m over the next…
The additional funding will be directed towards creating a dedicated Abusive Phoenixism Taskforce within the Insolvency Service. Credit: andriano.cz/ Shutterstock.com. Accounting network UHY Hacker Young partner Peter Kubik has called the new Insolvency Service taskforce targeting rogue directors as “a welcome first step but it’s not a quick fix.” In the Autumn Budget 2025 presented…
But employees in the UK do have rights and routes to recover the money they are owed. If a company becomes insolvent, an appointed insolvency practitioner takes control. They are responsible for managing the company’s remaining money and assets, and for paying creditors where possible. Employees are classed as “preferential creditors,” meaning they are near the top…