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Insolvency

How to suspend a bankrupt's automatic discharge from bankruptcy

Charlotte Burkert
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A bankrupt person is usually automatically discharged from bankruptcy on the 12-month anniversary of being made bankrupt. When a bankrupt is discharged, it frees them from the restrictions of bankruptcy and most of their bankruptcy debts under section 281...

High Court's Ruling on Proof of Debt in Insolvency

Charlotte Burkert
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The High Court has upheld a decision by joint administrators to reject a proof of debt in BV8 Ltd v BV9 Ltd & Ors [2023] EWHC 3048 (Ch). The proof of debt was submitted, claiming over £1 million. The Claimant’s appeal was dismissed due to...

Supreme Court confirms that an administrator is not an officer of a company

Charlotte Burkert
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At the start of this month, there was some welcomed news for insolvency practitioners who act as administrators. The Supreme Court handed down judgment in R (on the application of Palmer) v Northern Derbyshire Magistrates Court and Another [2023] UKSC 3013...

160-year-old company, Hunter Boot Limited, has gone into administration

Kevin Sullivan
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Hunter is a British heritage brand which is renowned for its iconic wellington boot. It is also a royal warrant-holder brand. You may have seen their wellington boots being worn by the equestrian community or at events such as the Cheltenham Festival and...

Buying a business in administration - things to know

Thomas Emmett
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Albert Einstein once said “in the midst of every crisis lies great opportunity” and this applies to the buying and selling of businesses. Buying an insolvent company provides an opportunity for buyers to enter a new sector or expand their...