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Why dissolution doesn’t necessarily fix the problem

It has become a worrying commonality to see rogue directors seeking the position of no liability and disqualification through dissolution of their companies rather than letting it go into Liquidation. Application of dissolution is usually made by a Director or indeed simply not filing returns and letting Companies House strike it off.   In many …

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COVID Loan Repayments – The potential pitfalls for directors

The dates for businesses to start to make instalment payments for loans obtained since the commencement of the Covid 19 lockdown, are starting for some, and many more will see these dates nearing over the next few months.   Finance companies will be discussing with businesses to assist with this process, as clearly it is …

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CRG IN THE PRESS: Macclesfield Town Football Club sale

It seems that an LPA Receivership that CRG Insolvency & Financial Recovery (“CRG”) had been conducting  has made the news regarding Macclesfield Town Football Club (“the Club”) – In Liquidation. Charles Ranby-Gorwood of CRG was acting as LPA Receiver of the football ground, and the lender, HNW Lending Limited (“HNW”), had to obtain a validation …

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BIG new law on pre-packs – significant? Yes – but needed.

From the 30th April 2021, in an aid of increasing creditor confidence in pre-packs, new legislation is coming into force, namely, ‘THE ADMINISTRATION (RESTRICTIONS ON DISPOSAL ETC. TO CONNECTED PERSONS) REGULATIONS 2021. Yes, it’s always a long-winded title. Following the introduction of the (optional) pre-pack pool a few years ago, regarding connected party transactions, the …

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