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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Court of Appeal confirms test to be applied when looking to set aside transactions defrauding creditors

When an individual or a company enters into a transaction at an undervalue the Insolvency Act 1986 has provisions (sections 238 and 339) which allow an officeholder, whether they be a trustee in bankruptcy of individual or a liquidator to the company, to overturn those transactions. In relation to the company the transaction must be... Read more »

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It just got personal

For many self-employed people the attraction of setting up and trading through a limited company is that their personal affairs and the business affairs are kept separate. However when setting up a limited company and obtaining finance many directors find themselves being asked to sign a personal guarantee. Many sign that document without too much... Read more »

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