Insolvency

With the UK government protections to prevent a flood of corporate insolvencies all now tailing off, will 2022 see the much talked about "tsunami" of insolvencies? Market views on that are mixed but it does seem certain that there will be at least a significant upturn in insolvencies compared to 202

The number of corporate insolvencies in Scotland rose by 29.4 per cent to 211 in July-September this year – compared with the April-June figure of 163. Creditors’ Voluntary Liquidations meanwhile rose to 179 for July-September – an increase of 35.6 per cent on the 132 recorded for

The number of Scottish firms facing insolvency is expected to increase sharply as government loans require to be paid. R3, trade body for insolvency and restructuring accountants, said the first quarter of 2021 had seen a sharp fall in companies and individuals becoming bankrupt.

The number of corporate insolvencies in Scotland fell below 2019 levels last year as the array of government Covid-19 support measures continued to provide a lifeline for those businesses who have been adversely affected by the pandemic, according to new figures released by KPMG. Analysis by KPMG&rs

The re-introduction of Crown preference and the resulting change in the order of priority of creditors on insolvency was announced as part of the Autumn budget in 2018, way before anyone had heard of Covid-19, and was originally due to come into force on 6 April 2020. It was delayed until 1 December

Corporate insolvencies may increase this winter, with new research from the insolvency and restructuring trade body R3 indicating that a steep rise may start as early as this October. The R3 research – based on a member survey of insolvency and restructuring professionals – highligh

Nicola Ross explains the details of new legislation aimed at helping ailing businesses.  The Corporate Insolvency and Governance Bill was read in UK Parliament at the end of May and is likely to be welcomed by many struggling businesses which are facing potential insolvency due to coronavirus.

The UK's wrongful trading law will be suspended to allow businesses to "weather the storm" of the coronavirus pandemic, business secretary Alok Sharma has announced. The change, backdated to apply from 1 March 2020, will allow directors of companies to pay staff and suppliers even if the compan

Directors across the UK are asking the UK government for a temporary indemnity which allows them to keep technically insolvency firms in operation during the coronavirus pandemic without fear of legal action. Under current legislation, company boards can be sued for failing to wind up a company if i

The number of Scottish companies entering into administration, receivership or liquidation has decreased by almost 35 per cent in the last quarter, according to new analysis by KPMG. There were a total of 158 corporate insolvency appointments in the three months to 30 September 2019 – dow

Stuart Clubb highlights the significance of a recent decision of the Inner House of the Court of Session regarding the insolvency of Scottish companies carrying out business in India. Against the backdrop of the insolvency of Scottish companies carrying on business in India, a recent decision of the