Elliot Green Licensed Insolvency Practitioner - Deliberations

Latest posts

Nov

Why should insolvency practitioners not go on fishing trips?

As Liquidator or Trustee in Bankruptcy I enter my office as a stranger and I frequently encounter many bankrupts and former company directors (and sadly their professional advisers) who are not tremendously forthcoming with information that I reasonably require for the furtherance of my inves

Oct

Preference or invalid set-off: which is it?

Preferences are defined in Section 239 of the Insolvency Act 1986 and arise when one creditor is placed into a better position to that of another, when an individual or a company enters into a formal insolvency procedure.

Feb

Remuneration or Russian Roulette?

Feb

It’s ok to take money off people isn’t it?

Well as ever it depends!

Feb

Is cash king or is cash the pawn?

For businesses cash is king. Cash is the lifeblood of any business and without it they cannot survive.

However, there is another side to cash which instead of being king, might for some be associated with corruption. Cash is a commodity capable of breeding suspicion.

Feb

Insolvency Practitioners are servants of the creditors, not slaves…

Many creditors are surprised that they receive little or nothing from the insolvency process when an individual goes bankrupt, into an IVA or a company goes into liquidation.

Feb

Strings to a liquidator's bow

It is the responsibility of a liquidator to get in, realise and distribute the company’s property. Restitutionary remedies exist to assist the realisation process.

Jan

Do directors actually have the right to receive any remuneration?

Imagine turning round to your client and saying, sorry but I am afraid that you have no entitlement to receive remuneration from a company of which you are a director. No doubt your retainer would be terminated with immediate effect.

Jan

Liquidator’s so-called draconian powers are not unfettered under Section 236 of the Insolvency Act 1986

Jan

Creditors meetings

Remain an area of much contention and debate.

Elliot Green Licensed Insolvency Practitioner - Deliberations

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