Article Tag: Bankruptcy

How has COVID-19 Impacted Bankruptcy and Insolvency?

Gavel

In these challenging times, it is difficult to know what legal services are available during lockdown.  However, we all still need access to justice, and the Courts and Tribunals have taken appropriate measures to continue this service with some necessary changes. What changes have been made to the bankruptcy and insolvency process? The Coronavirus Act… Read more »

Bankrupt sentenced for fraudulently transferring assets

The Insolvency Service has recently published details of a bankrupt, who was sentenced to six months in prison by Cardiff County Court, for fraudulently transferring assets prior to the making of the bankruptcy order. An investigation into the bankrupt’s affairs identified that one month prior to the making of the bankruptcy order, the bankrupt and… Read more »

Bankrupt jailed for fraudulently transferring assets

The Insolvency Service has recently published details of a bankrupt, who was sentenced to six months in prison by Cardiff County Court, for fraudulently transferring assets prior to the making of the bankruptcy order. The seriousness of the bankrupt’s conduct was expressed in the judgment of His Honour Judge Stephen Hopkins WC who stated that… Read more »

Going bust in divorce

People going through a divorce may think that the easy way out is to claim bankruptcy. Bankrupts will usually be discharged from bankruptcy after one year and bankrupts are seemingly not the social outcasts they used to be. It might be thought that a way of getting out of paying what your other half is… Read more »

Landlords beware; watch out for canny administrators

Like most things in life, timing is key when it comes to a company going into administration and the landlord’s claim to the rent due. As we head back into ‘technical’ recession, there has been the inevitable increase in the number of businesses, particularly on the high street, hitting difficulty with their finances and being… Read more »