Flybe

My letter published in the Yorkshire Post 18th January 2020 Sir, As a regular Flybe passenger I think they provide an excellent service. The demand for their services is so great (8 million passengers per year) that I suspect their…

HMRC IN CORPORATE INSOLVENCIES

I recently expressed an opinion that the forthcoming return of elements of the HMRC preferential creditor status in formal insolvency proceedings is a good thing. In doing so I was very much a lone voice. My justification was based on…

AIRLINE INSOLVENCIES AFTER THE FAILURE OF THOMAS COOK

On the 9th May 2019 the Department for Transport published its wide-ranging and well researched Airline Insolvency Review (”AIR”) with contains many sensible but challenging proposals. The full text can be found at https://www.gov.uk/government/publications/airline-insolvency-review-final-report.…

Regulation of insolvency practitioners call for evidence

The Government is calling for evidence in its review of the regulation of insolvency practitioners under the current regulatory landscape. More information can be found in the Call for Evidence document (pdf) on the gov.uk website.…

HMRC Preferential Rights

There is much opposition to the draft Finance Bill which proposes to restore some elements of the HMRC preferential status which existed before the introduction of the Enterprise Act 2002. The proposed preferential status of HMRC largely relates to VAT…

Why do so many CVA's fail?

It is no surprise that CVA’s are mainly for SME’s and that the failure rate is high. They are simply seen as “‘another job” by the IP and a postponement of debt by the directors. Too little attention…