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Award-winning estate agency in voluntary liquidation

Oxford-based Wallers Estate Agents has entered creditors’ voluntary liquidation (CVL), with more than half its debt via a Government-backed Bounce Back loan from NatWest. Companies House records show liquidators were appointed on August 29, with a statement of affairs submitted on September 8 showing debts of £59,826. The agency, which was set up by Rowan…

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Supreme Court: Insolvency proceedings in real estate should primarily be project-specific

In a significant judgment, the Supreme Court has held that insolvency proceedings involving real estate companies should generally be confined to specific projects rather than the entire corporate entity, unless there are compelling reasons to broaden the scope. The ruling aims to protect the interests of genuine homebuyers while maintaining clarity in insolvency processes under…

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