Tag: insolvency service
Insolvency service to close half of its offices
The Insolvency Service will close half of its offices in England according to plans laid out in an new strategy. The news has not...
Insolvency Industry regulation changes to be made
The Government has set out new proposals to reform and simplify regulation of the insolvency sector. The new consultation is inviting views on creating a...
Bankruptcy figures hit 22 year record low
The number of individuals entering bankruptcy has hit a record 22-year low with only 1,938 bankruptcies occurring in the third quarter of 2021. At...
Insolvency Service given new powers to tackle Dodgy Directors
The Insolvency Service will be given powers to tackle the problem of Dodgy Directors. They will investigate directors of companies that have been dissolved....
Latest Insolvency statistics released for 2021
The latest insolvency statistics have been released for Q1 2021 by the insolvency service. These provides England & Wales corporate and individual insolvency statistics,...
Dodgy Company Directors disqualified by Insolvency service
Two rogue property directors who abused millions of investor funds and a scaffolder who disposed of assets prior to bankruptcy have been banned by...
Luxury Car firm Director disqualified for 13 years
After failing to maintain sufficient accounting records for millions of pounds, car dealer Zaid Fares Al-Safee, 29, from west London has been disqualified from...
Government eyes insolvency reforms
After the collapse of construction giant Carillion a consultation is being launched over planned action against “irresponsible” company directors, with the government planning insolvency...
Debt management directors banned after causing public distress
Following an in-depth investigation by the Insolvency Service, Stephen Anthony Wooley and Kevin John Dursley, Directors of a debt management business were banned. The investigation...
Insolvency Expert frustrated at lack of Director Disqualifications
A leading UK insolvency expert has expressed her frustrations at the low number of directors facing disqualification, suggesting there is a lack of resources...
