insolvency | AccountingWEB


A decision by the UK’s Supreme Court about legal aid will help creditors get money they are owed after insolvencies but a government review of insolvency litigation may protect “rogue directors

The introduction of Real Time Information (RTI) has had a considerable effect on businesses and their Accountants.

Lloyds Bank “artificially distressed” small business customers after they were transferred to a support unit as banks tried to strengthen their own balance sheets after the financial crisis, it


New national statistics showing a continued decline in corporate and personal insolvencies across the country for the last quarter of 2014 have been welcomed showing a positive improvement for indu

I imagine IPs will all be aware that ICHU (Insolvency Claims Handling Unit) has been shuffled around HMRC's end, with new offices dealing with different things.


In August 2014, my company won a county court small claim judgement plus costs against a company for approx £2600. The company has subsequently sent me the following letter:



In the latest in the series of video casts taken from the recent 2014 ICPA Conference F.A. Simms’ MD  Richard Simms FCA presents “Insolvency Update”


I am the Chief Accountant for a company that is going into administration. We became insolvent due to a major supplier taking its business away from us.


An accountant has been banned from being a company director for 11 years after the two businesses he was a director of collapsed, owing tax of more than £250,000.


As the government raises the issue of veto power over pre-packs contingent on the failure of measures proposed by the Graham Report, Eric Walls, director of turnaround and inso