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Understanding Section 216: Restrictions on Reusing a Company Name Post-Liquidation
Navigating insolvency laws can be complex, especially when it comes to the reuse of a company name after liquidation. Section 216 of the Insolvency Act…
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Personal Liability Risks for Directors: How to Protect Yourself
Directors of limited companies often enjoy the protection of limited liability, meaning their personal assets are typically safe from business debts. However, there are circumstances…
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Navigating Director Disqualification: The Appeals Process and Other Options
Being disqualified as a company director can be a daunting experience, but there are options to challenge or even change the decision. Whether you wish…
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Navigating Rising Insolvencies in the Construction Sector: How IL Advisory Can Help
The construction sector continues to face significant financial distress. The latest insolvency statistics for October 2024 reveal ongoing challenges for businesses in the sector. While…
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How the Insolvency Service is Strengthening Economic Confidence
The Insolvency Service, with a history stretching back to the 19th century, continues to play a vital role in supporting the UK economy. Its core…
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Recent Changes in Misfeasance Law: What UK Directors Need to Know
The legal landscape surrounding misfeasance claims in the UK is constantly evolving, and directors need to stay informed to protect their interests. Recent changes can…
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The Perils of Personal Bankruptcy: Katie Price’s Journey
The world of glamour and fame may seem like a dream come true to many, but the case of Katie Price serves as a stark…
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Preference Payments: What Directors Should Be Aware Of
Company directors must be vigilant about the implications of insolvency, particularly when it comes to preference payments. Understanding what constitutes a preference and the potential…
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Understanding Unlawful Dividends for Company Directors
One of the appealing benefits of running a limited company is the ability for directors to receive the majority of their remuneration as dividends. This…
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How to Defend Against a Misfeasance Claim
Facing a misfeasance claim as a company director can be a daunting and stressful experience. Misfeasance, as defined by section 212 of the Insolvency Act…
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