The insolvency of one of the companies within a contractual chain can cause major difficulties for all concerned. However, as one High Court case showed, professional drafting of agreements can provide invaluable protection against such risks. A large contractor had…
When a person is made bankrupt, their trustee in bankruptcy will seek to unlock any available assets they have to pay off creditors. One of the main assets people hold is their house, which is often co-owned with a spouse…
Bankruptcy laws strike a delicate balance between satisfying creditors and enabling debtors to make a clean break so that they can get on with their lives. In one ruling that clarified the law, the Court of Appeal decided that the…
Personal friendship is sadly not always a good foundation for business relationships. In one case, a falling out between workplace colleagues who had been socially close for almost 20 years ended up being fought out before employment tribunals. The two…
An experienced and respected insolvency practitioner who paid out almost £550,000 from a company in liquidation when she should not have done has been found liable to repay every penny after the High Court found that she had slipped below…