Insolvency

Floating Charge Security: Chancellor’s Hidden Leak

Philip Hammond

At the end of October, the Chancellor made a number of announcements in the Autumn budget, including signalling the end to austerity.

For the restructuring profession – and lenders in particular – one of the most notable announcements was that HMRC will become a secondary preferential creditor for taxes held by companies on behalf of employees and customers (i.e...

Insolvency Reforms Announced

In the wake of the liquidation of Carillion, the administration of House of Fraser and a number of high profile CVAs, the Government has announced a number of proposed reforms...

‘Bankruptcy Tourism’ – The End?

News has begun to surface in recent days that the Bankruptcy term in the Republic of Ireland (ROI) may be reduced from three years to one year, to bring Irish...