Bankruptcy

December 6, 2016

Is Insolvency Action an Effective Way to Recover Council Tax?

However and in light of the criticism levelled at some Local Authorities by the Local Government Ombudsman ("LGO”) in the past, we are keen to stress the importance of making stringent checks prior to instigating insolvency...
December 6, 2016
Welbeck Solicitors Debt Recovery Solicitors

The Effect of Challenging Council Tax Liability in Bankruptcy Proceedings

Following the recent case of Okon v London Borough of Lewisham ([2016] EWHC 864 (Ch)), the High Court held that a liability order made in respect of unpaid council tax - and in accordance with the Local Government...
December 6, 2016
Welbeck Solicitors Debt Recovery Solicitors

Bankruptcy threshold rises to £5,000

The bankruptcy threshold will increase to £5,000 for creditors' bankruptcy petitions presented after 1 October 2015 as set out in the Insolvency Act 1986 (Amendment) Order 2015. Should a bankruptcy petition be...
December 5, 2016
Welbeck Solicitors Debt Recovery Solicitors

Insolvency Statistics – First Quarter 2013

Recently published by the Insolvency Service earlier this month were the statistics showing insolvencies in the first quarter of 2013. Many of the figures still show a great number of insolvencies, whether it be an individual or a...
December 5, 2016
Welbeck Solicitors Debt Recovery Solicitors

Creditors have lost £1 billion from the start of 2012

It has been estimated that from the start of the 2012 year, there has been colossal damage to creditors following a succession of large insolvencies. In fact, a figure of £1 billion was estimated by Company Watch who specialise...