Our News

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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Moorfields appointment Administrators over a Franchised Outlet of a Major Coffee Shop Brand

Simon Thomas and Nick O’Reilly of leading restructuring and insolvency firm, Moorfields Corporate Recovery Ltd, were appointed Joint Administrators over Smith Retail Limited t/a Lavazza Espression UK & Ireland on 2 March 2015.

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Insolvency Legislation Vs Employment Rights

Politicians have this week called for employees to be given better rights under the Insolvency Act, following the recent Administration of City Link.

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The average UK household will have unsecured debts of £10,000 by the end of next year, according to a report prepared by a leading accountancy firm

The figure includes spending on credit cards, bank borrowing and student loans, but excludes securing borrowing.

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Moorfields appointment Liquidators over a Music Retailer in West Sussex

Simon Thomas and Arron Kendall of leading restructuring and insolvency firm, Moorfields Corporate Recovery Ltd, were appointed Joint Liquidators over Beyond The Sea Limited on 5 March 2015.

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