We appear to be starting to see increased numbers of business insolvencies. We analysed all the Statement of Affairs posted on a recent day to try and understand the composition of the debts incurred. There are quite a few Bounce-Back Loans that the taxpayer will be paying for.

Following a consultation conducted by The Insolvency Service at the start of the year, the criteria for a Debt Relief Order (DRO) will change with effect from 29th June 2021.

The Insolvency Service have been given powers to investigate the Directors of Dissolved companies

Debt Respite Scheme (Breathing Space) – What it means for you