In just over a month, new insolvency rules come into force. There are quite a few changes, most notably, the incorporation of digital practices in legal procedures. The new rules replace the Insolvency Rules 1986 and their 28 subsequent amendments with the aim to improve the overall insolvency system, making procedures more efficient and cost-effective

Somerset-based Quantock Brewery has entered administration. Joint administrators from KSA Group, Eric Walls and Wayne Harrison, were appointed to the company on Wednesday 18th January. The company will continue to trade as normal while a buyer is sought for the business. The company said in a statement: “It is with deep regret that following a

Liverpudlian insolvency practitioner, Gerard Keith Rooney, has been fined due to unprofessional behaviour and failing to assist the Insolvency Practitioners Association (IPA) when asked for a response between June 2014 and February 2015. He also failed, as an appointed liquidator of a company, to provide progress reports to Companies House. This was a clear breach

The Insolvency Service is planning to change fees for creditors who want to wind companies up, increasing the overall fee by £2,480. This Official Receiver’s fee will increase by £2,500 when a company is closed down in the public interest. In addition, the current fee system will be replaced by a general fee across all

Cass Business School Pensions Institute has reported that a significant number of sponsor businesses could become insolvent by ‘stressed’ pension schemes. 1,000 schemes could end up being move to the Pension Protection Fund, an organisation that helps people get their pension back if sponsors become insolvent. Low interest rates and low gilt yields have contributed