A "screaming, glaring" conflict of interest? Litigation funders' cash pipeline hits £2bn - mailchi.mp/insolvency-ins…

Regardless of whether you are liquidating a solvent company through an #MVL, or using a #CVL to close an #insolventbusiness, the process can only be entered into under the guidance of a licensed insolvency practitioner. ukliquidators.org.uk/company-liquid…

The survey is run by the Office for National Statistics, and sought the views of more than 1,200 businesses across Scotland between April 6 and 18. scotsman.com/business/scots…

Often, the route with the cheapest initial cost results in the contractor compromising on long-term cost efficiency, because an alternative route could have provided greater tax savings. contractoruk.com/mvl/top_10_tip…

If you don’t fulfil your legal obligations as a director by prioritising creditor interests you could face serious repercussions, which is why obtaining #liquidation advice for free is so important. bit.ly/3aRljis

The Government has today confirmed changes to the eligibility criteria for Debt Relief Orders: The thresholds for debt, surplus income and assets will all increase and, as R3 recommended, the vehicle value limit will also be raised. gov.uk/government/con… #Debt #DROs

Mortgage lenders are penalising self-employed people who used government grants, the Telegraph reports, with brokers telling the paper those borrowers who claimed on the scheme "signalled a red flag" to many lenders.

The lowdown on a Time To Pay Arrangement... redundancyclaim.co.uk/articles/can-m…

Many thousands of hospitality operators are understood to have reached agreements with their landlords about their rental debts but for others there have been “no concessions and little engagement,” according to UKHospitality. realbusinessrescue.co.uk/news/rent-debt…

Limited company directors have a choice of ways in which to pay themselves. They can take a salary through PAYE, receive dividends throughout the year, or use a tax-efficient combination of the two. redundancyclaim.co.uk/articles/advic…

The County Court Judgment against your company shouldn’t affect your own credit rating. If your personal accounts are held at the same bank as the company’s, however, your ability to borrow may be compromised. #CCJ begbies-traynorgroup.com/articles/insol…

HMRC views disaggregation as tax avoidance and you could incur heavy penalties, including fines and prosecution, if they believe you’ve disaggregated your business to avoid paying tax. bit.ly/2O4snzX

The value of the profession: How #insolvency & #restructuring supports the UK economy r3.org.uk/stream.asp?str… Our new report sets out how the profession rescues businesses, saves jobs, gives personal finance advice, & returns money to creditors. #R3VOP /1

Everyone needs advice from time to time – and the #insolvency & #restructuring profession is an important source of professional and qualified advice. In 2019, the UK profession advised *60,000* businesses and *144,000* individuals about their finances #R3VOP /3

The government and HMRC have issued a warning to businesses to be on the lookout for operators within their supply chains who may be committing fraud via the use of mini umbrella companies. realbusinessrescue.co.uk/news/hmrc-warn…

Overdrawn directors’ loan accounts in liquidation...

realbusinessrescue.co.uk/business-insol…

The Insolvency Service and R3 Press Office Diversity & Inclusion Steering Group aims to improve diversity and inclusion in the insolvency profession. R3 members should look out for a special survey, coming soon! Read about the aims of the Steering Group: ow.ly/B06T50ETzve

Business collapse fears...

thetimes.co.uk