All posts from January 2018

What is wrongful trading?

Posted By: on 26th January 2018 under insolvency

What is wrongful trading?

Following the collapse of Carillion in what could be one of the largest insolvencies our profession has seen, the directors of the company have been ordered by the Work and Pensions and BEIS committees to give evidence as to why the company went into liquidation with liabilities estimated to be in excess of £1.5 billion.  […]

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Employee claims in insolvency

Posted By: on 9th January 2018 under insolvency, redundancy

Employee claims in insolvency

Employee claims in insolvency When the decision is made to place a company into an insolvency procedure and some or all of the employees are made redundant, this can leave employees in an extremely precarious situation.  As a consequence of the employer being insolvent, in many cases employees are faced with not only losing their […]

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