The Economic Crime and Corporate Transparency Bill
Having successfully navigated its way through the Commons, The Economic Crime and Corporate Transparency Bill is now passing through the Committee stage in the House of Lords, with
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Why shareholders come behind creditors in the insolvency queue
Fortunately, few people have any direct experience of a company failure. When they do, the priority ‘waterfall’ for distribution of what’s left in the pot after a business
Devaluation in a formal insolvency – the impact of costs
So far in our series on what a formal insolvency does to a previously solvent balance sheet and how it impacts stakeholder recoveries, we have looked at overall
The best way forward when struggling to repay a Bounce Back Loan
When the government launched its business support loan schemes early in the pandemic, there was widespread praise for the initiative. The speed of roll out, simplicity of the
How business liabilities can balloon during insolvency
Following our first three articles on business devaluation during insolvency, we now turn our attention to the liabilities in the balance sheet. What is often not realised is
How current assets melt away in an insolvency situation
In this third instalment on the devaluation of a business during insolvency, we turn our attention to current assets. These assets can not only shrink alarmingly in value