With the impact of COVID-19, there will inevitably be a rise in businesses or individuals engaged in insolvency procedures. We set out below some of the most commonly used insolvency terms.

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On 28 March 2020, the government announced that they would temporarily suspend the wrongful trading provisions for three months, with the changes applying retrospectively from 1 March 2020.

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In the current climate, with the increase in remote working even prior to Covid-19, this question is likely to arise frequently and is one we have already had to consider in the context of a members voluntary liquidation.

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Where an insolvent corporate franchisee is about to close its business, franchisors may look for a potential solution to try to retain goodwill in the brand in that particular territory...

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As of 6th April 2017 the Insolvency Rules (England and Wales) 2016 (‘the New Rules’) will be in force.

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