Insolvency Court Fee Changes 2024: What You Should Know The government has recently issued a series of miscellaneous amendments to the cost of Court and Tribunal fees following a consultation by the Ministry of Justice. And - we imagine to

Guidance for Dealing with Personal Financial Difficulty Financial difficulty is one of the hardest things an individual can ever face. If you can’t afford to live your day-to-day life, stress and worry can appear never-ending. Thankfully, there are a variety

The Difference Between a Debt Relief Order and an Individual Voluntary Arrangement When you’re struggling with unaffordable personal debt, the support offered by an insolvency solution can be a real lifeline. But with so many options available, trying to decide

What Is Capital Gains Tax? You pay Capital Gains Tax when selling an asset such as property, equipment or shares. Capital Gains Tax operates at a much lower rate than Income Tax, and it only applies to the profit you

What Are the Corporation Tax Late Filing Penalties? Corporation Tax late filing penalties apply when you don’t submit your returns to HMRC within 12 months of the end of your accounting period. The penalties increase the longer you wait, potentially

Alternatives to Bankruptcy For many people struggling with unaffordable debt, bankruptcy can seem like the only – and often dreaded – way out.   However, this isn’t the case. There are actually many options to deal with your financial problems, all of

Debt Relief Orders: Important Changes Announced in 2024 Spring Budget Amidst this year’s Spring Budget - featuring National Insurance cuts, changes to public spending, and an optimistic forecast of growth and inflation - one important announcement fell to the wayside:

The Difference Between Administration and Liquidation While they are both insolvency procedures, there are some very key differences between administration and liquidation. Both solutions allow directors to uphold their legal duties to creditors - but their outcomes can be very

Can Bailiffs Force Entry with a Locksmith? In some instances, bailiffs are granted the power to gain access to a property by using ‘reasonable force’, which involves the bailiff forcing entry with the help of a locksmith. However, bailiffs often

2023 Sees Highest Number of Insolvencies Since 1993 According to the latest figures from the Insolvency Service, there was a total of 25,158 company insolvencies in 2023, a worrying 30-year high.  Insolvency numbers have been rising year-on-year since 2019 -