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£2,000,000 raised

Raised £2,000,000 equity for a white goods business

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Jitters for landlords as election giveaways are announced

As polls continue to indicate that neither of the two main parties has pulled ahead in the battle for Number 10, a number of populist property related giveaways were announced over the weekend.

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Moorfields appointed Administrators over Pub/Restaurant Chain in the South East

Simon Thomas and Nick O’Reilly of leading restructuring and insolvency firm, Moorfields Corporate Recovery Ltd, were appointed Joint Administrators over Mountain Range Restaurants Limited on 1 April 2015.

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The new benefit of social media for Insolvency Practitioners

As part of the process of investigating the affairs of bankrupts and rogue directors, Insolvency Practitioners have always been able to peruse the Bankrupts notifications on Facebook, Twitter and other social media websites. Now, Insolvency Practitioners have the power, when the bankrupts are not co-operating, to notify Bankrupts of orders made against them by simply posting court orders on their Facebook page.

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It has recently been announced by the Government that changes are due to come into effect to reduce the number of individuals entering Bankruptcy

The changes will allow approximately 3,600 more people a year with problem debt to enter into a Debt Relief Order (DRO) – a low cost alternative to bankruptcy for those with very low assets and income and debt which they are unable to pay. The maximum amount of debt that can be covered by these plans will increase from £15,000 to £20,000.

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