Category Archives: Insolvency

Brexit and its unpredictable impact

The Insolvency Service figures for the last quarter ending at the start of October show that the number of insolvencies remained flat despite the Brexit vote. Many had reflected prior to the referendum that Uk Companies would see an immediate … Continue reading

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Firm bolsters its Property and Insolvency Litigation Practice

Breeze & Wyles is pleased to announce that it has bolstered its Insolvency and Property Litigation offering with the hire of Janina Lamb and Richard Cole, along with the qualification of our latest Solicitor from our Solicitors training program, Bradley … Continue reading

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Shadow Directors – “Pulvis et umbra sumus (We are but dust and shadow)”

Any person who elects to become a Director of a Company is likely to be aware of the onerous fiduciary duties that will be imposed upon them, and the serious implications that can follow from a breach of these duties. … Continue reading

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New EU Insolvency Rules – A ‘Win-Win’ solution for businesses and their creditors?

In December 2014 the EU announced new regulations that are aimed at recovering and rescuing struggling businesses, rather than allowing them to fail. EU Justice Commissioner, Věra Jourová, confirmed that the new rules will give “viable businesses a much-needed second … Continue reading

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Are you limiting your exposure to bad debt?

Cash flow remains a key concern for Companies with a number of Companies juggling their creditor’s demands for payment. Our experience is that the average number of days for payment of an invoice continues to increase which in turn is … Continue reading

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Debt Recovery: Fact Sheet 7 Are you spending good money to chase bad?

It is a fact that there is little point chasing a “man of straw”. The difficulty is not normally accepting this as a fact but identifying whether a particular debtor is indeed a man or company of straw. There are … Continue reading

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Debt Recovery: Fact Sheet 6; Simple steps to improve your account opening process – but will this help your internal credit control?

Many difficulties faced by businesses in their credit control procedure stem from defects in the initial account opening process. Where a business grows, it might be that the account opening process is not updated to reflect problems that are experienced … Continue reading

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Debt Recovery: Fact Sheet 5; Spotting the signs of Insolvency

There are steps you can take as a business, to “spot” the signs of insolvency. This is important for two reasons; 1. If you continue to supply goods or services to a business that you fear might be facing insolvency, … Continue reading

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Debt Recovery: Fact Sheet 4; Simple steps that you can take to improve your internal debt recovery rate.

DELIVERY OF AN INVOICE;  Ensure that an invoice is delivered promptly and accurately and that the invoice states the customer’s full name. Make sure that you are able to clearly and correctly identify your client’s name and status – … Continue reading

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Debt Recovery: Fact Sheet 3 – What can you do when you hear that a debtor is insolvent? What does this mean for you as creditor

More frequently, we are approached by clients who have “heard” that their debtor is insolvent. It might be that the business has heard this on the grapevine, or that they have heard informally from the debtor. Alternatively, a business might … Continue reading

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