Insolvency continues to be a worry for companies and individuals

The demise of Thomas Cook was a reminder that businesses and individuals are still finding the current economic situation difficult. The latest figures from The Insolvency Service, show that 4,321 companies entered insolvency between April and June 2019, a 2.6% increase on the first quarter of the year and in percentage terms the figure is... Read more »

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The Landlord’s unwanted Christmas gift – Tenant Insolvency

Landlords who are paid quarterly are currently wondering whether 25 December will bring them an unwanted Christmas gift, their tenant’s insolvency. Any business which is in financial trouble will be looking to see if they can afford the next quarter rent payment. They may have already taken advice and been told to hold off liquidation... Read more »

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A landlord’s guide to dealing with an insolvent tenant – Part 2: Where a tenant is an individual

Where a tenant is an individual and it fails to pay the rent due under a lease a landlord may: Exercise commercial rent arrears recovery (CRAR) for the rent against certain goods of the tenant at the premises. Sue for the rent by court action. Forfeit the lease, either by court action or by peaceable... Read more »

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