KRE News

NO EXTENSION TO THE SUSPENSION OF WRONGFUL TRADING PROVISIONS

Alongside the Chancellor’s announcement yesterday of changes to the financial support package being provided for businesses, in particular the withdrawal of the furlough scheme for employees to be replaced by perhaps the understandably less attractive Job Support Scheme

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SOLVENT WINDING UP IS STILL A VALUABLE EXIT MECHANISM

During these uncertain and worrying times, there may be many business owners who are contemplating their future and whether they are able to continue to trade at the same volume and profitability they experienced prior to the COVID-19 restrictions.

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CORONAVIRUS EVEN CHANGES THE INSOLVENCY ACT

Background Back in April as CV-19 began to impact everything, the government announced  planned changes to the Insolvency Act, designed to help the economy  to recover, give companies the best chance of survival and protect jobs.  The Corporate Insolvency and Governance Bill is now out and is expected to progress through Parliament shortly.  The Bill is 233 pages long and…

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Keep Calm and prepare (4)

The Government update yesterday evening whilst declaring a national emergency and imposing a near full lock down, announced no further financial initiatives.

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