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ThorntonRones Insolvency News
We write regularly on topics of relevance to our many clients,advisors and professional contacts. To read more detail on the issues below, please click on the image.
May 2016 Changes to the bankruptcy application process
Sep 16 Creditors face fee rises when petitioning for bankruptcies and solvencies
Oct 16 Pensions safe from bankruptcy orders, judge rules
Dec 2016: Modernised Insolvency - Key Changes
Jan 2017: Overdrawn Directors’ Loan Accounts
Feb 2017: Compulsory or Voluntary Liquidation - Does it Matter?
Feb 2017: Directors Beware - CMA targeting disqualification orders
Feb 2017: Re-use of Company Name: only legal restriction following insolvent liquidation
March 2017: Warning on Employing Illegal Workers
March 2017: IVA’s do not end on completion
April 2017: New Insolvency Rules (2016) in force
June 2017: Bankruptcy or Insolvency?
July 2017: In uncertain times, are businesses at risk?
July 2017: Do not pass Go, go straight to Jail!
August 2017: Directors, Debentures & Personal Guarantees
October 2017: Statutory Interest in MVLs
November 2017: Post Winding Up Petition Transactions
December 2017: Surprises in Government’s 2017 Budget statement
December 2017: Our new Probate Service launch
January 2018: Golf with ThorntonRones
January 2018: Carillion: Do I need to act immediately?
February 2018: Director redundancy claims now accepted
March 2018: HMRC Security Deposits
April 2018: Limitation Period: Are Directors safe from attack after 6 years?
May 2018: 'Dividend or Salary' – all change, burden of proof now with Directors?
October 2018: Can you rely on the 'Corporate Veil' for protection? No, not always...
May 2019: Bankruptcy and the Matrimonial Home: Does 'exceptional' mean exceptional?
June 2019: When does Insolvency commence and are dividends safe?
June 2019: Insolvency Act S.423: Transactions Defrauding Creditors (Beware: It has very long arms and travels back a long, long way…)
Do Receivers owe a duty to a borrower?
HMRC as a preferential creditor looks likely to return for the first time since 2003
A review of English dividends law. The Supreme Court has given helpful clarity on the scope of liquidator clawback proceedings.
£3,230 raised for Haven House Children's Hospice at our 20 Year Anniversary Party with Eddie ‘The Eagle’ Edwards!
Can Company Voluntary Arrangements alter Landlord rights?
Is this the end of Entrepreneurs' Tax Relief?
First Director Compensation Order: Director ordered to pay £559,484 to creditors
Client sent to Prison: Concealing property and deceiving his Trustee in Bankruptcy
March 2020: Director who took advantage of his position pays the price – even for transactions after a Liquidator/Administrator was appointed.
Budget 2020 & Insolvency -The Headlines
Insolvency Rules-Related Changes: What do they mean?
HMRC's current position with regards to Time To Pay (‘TTP’) proposals and others
Covid 19 Update: Winding Up Petitions Continue
Probate Services Friendly family business keeps our costs low
Blog - July 2020:
COVID-19 Emergency Measures now Law:Corporate Insolvency & Governance Act 2020
Finance Act 2019-21 Insolvency Creditor Changes: HMRC will become a preferential creditor in insolvencies from 1 December 2020
Blog - August 2020:
Winding Up Petitions have been, and continue to be, granted: The devil is in the detail
ThorntonRones welcome back all their staff. "We are open and ready to help."
Coronavirus: Temporary Insolvency Provisions Extended BUT NOT for Wrongful Trading
Company directors/shareholders could lose their home because of HMRC
HMRC Powers to Make Directors (and others) Personally Liable
The Unintended Consequence of the Return of HMRC as a Preferential Creditor
Entrepreneurs' Relief (now called Business Asset Disposal Relief) Another false start or will it be ending this time?
From 1 December, HMRC will be Preferential Creditors for all PAYE, EE’s, NIC, VAT, CIS and Student Loan deductions
ThorntonRones Advent Calendars... ...another casualty of 2020!
Bounce Back Loans are Bouncing Back! Some loan applications may have been fraudulent.
ThorntonRones 2021 Golf Dates - Abridge Golf Club
H M Revenue & Customs debt collectors returning to work and getting back in touch
The end of lockdown insolvency restrictions – Not yet!
Bounce back Loans - Insolvency Service reporting
“No Time To Pay”
- Yes there is, HMRC current policy
Joint and Several Liability of Company Directors etc.
Temporary insolvency measures are ending...
May 2022: The Commercial Rent (Coronavirus) Act 2022: A new law to help certain commercial rent debts accrued during the pandemic
Is Voluntary Dissolution still an easy alternative to Liquidation?