Late payment and other business failures cause over 1-in-5 corporate insolvencies

Late payment and other business failures cause over 1-in-5 corporate insolvencies

At least one fifth of UK corporate insolvencies in the past year were caused by late payment or the insolvency of another company, according to new research by insolvency and restructuring trade body R3. A survey of the insolvency profession reveals that late payment for goods or services was a primary or major cause of […]

Recoverable costs to be fixed?

Bar Council Chair Chantal-Aimée Doerries QC has responded to Lord Justice Jackson’s speech on 28 January 2016 to the Insolvency Practitioners’ Association, Fixed Costs – The Time has come, calling for recoverable costs to be fixed in all claims valued at up to £250,000. She said: “We look forward to reviewing Lord Justice Jackson’s proposals […]