Article Tag: financial pressure

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 »

Difficult conditions set to continue for some law firms

The extent to which law firms are experiencing difficult trading conditions has been highlighted by the Solicitors Regulation Authority (SRA) for some time now, something the industry as a whole recognises. The fact that firms in financial difficulties are ‘increasingly turning to non-mainstream lenders’, according to the SRA’s recent announcement, serves to highlight this trend…. Read more »