Keep up to date with all the latest goings on at White Maund.
From 9 March 2015 the cost to litigants in bringing civil claims before the Court will substantially increase for most claims as follows:- The fee for claims from £1 to £9,999 will remain unchanged; The fee for claims from £10,000 to £199,999 will be 5% of the value of the claim; The fee for claims […]
From 9 March 2015 the cost to litigants in bringing civil claims before the Court will substantially increase for most claims as follows:- The fee for claims from £1 to £9,999 will remain unchanged; The fee for claims from £10,000 to £199,999 will be 5% of the value of the claim; The fee for claims […]
On 1 March 2012 the enactment of the Extra Statutory Concessions Order came into force restricting the use of Extra Statutory Concession C16 in companies with less than £25,000 to be distributed to shareholders as capital. As a consequence, in order for shareholders to receive capital in excess of the £25,000 cap, we have seen […]
The minimum level of debt for which a person who is owed money, can force another person into bankruptcy (the bankruptcy level) will be increased from £750 to £5,000 in October 2015. In addition the Debt Relief Order (DRO) eligibility criteria will be changed to increase the maximum debt level from £15,000 to £20,000 and […]
In my blog in March this year, I discussed the possible effect of the new pensions rules coming into force in April 2015, whereby a Trustee in Bankruptcy may be able to force a debtor to draw down the whole of his or her pension and claim the same under an Income Payments Order (IPO) […]
The Bank of England has today released its August 2014 Inflation Report confirming that interest rates will remain at 0.5% with the first increases not expected until 2015. Whilst unemployment has fallen to 6.5%, well below the 7% target where the Bank of England would consider interest rate increases, wages are not increasing as fast […]
Bacs Payment Schemes surveyed 350 firms and found that UK firms are owed £46.1 billion in total. A staggering figure of £39.4 billion is owed to small and medium sized businesses, with larger corporates only being owed £6.7 billion. 60% of SMEs are experiencing late payments, each waiting on average for £38,186 in late payments. […]
An IPO is an order under which a bankrupt is required to pay any excess income to the TIB for a period of up to three years. Prior to this case, it was generally accepted that a bankrupt’s pension fund was essentially beyond the reach of the TIB unless it could be shown that the […]
Economic growth advantages include the ability to employ more individuals and a stable economy. Another advantage is that more goods and services are available and more importantly affordable to consumers. The British Chambers of Commerce (BCC) had forecast that GDP would overtake its performance in the first quarter of this year in the autumn, but […]
We were pleased to accept an invitation from the Sussex chapter of the Society of Trust and Estate Planners (‘STEP’) on a wild and windy Wednesday evening at Hollingbury Golf Club to the north of Brighton to present on the above subject. As insolvency practitioners with many years of experience in assisting individuals and companies […]