Blog
Rayner my parade! The importance of specialist advice.
Jemma Brimblecombe
11 August 2022
A poisoned chalice? BBLS Fraud
The purpose of the BBLS and CBILS loan schemes (which closed to new applicants in March 2021) was to provide, temporary, emergency funding to legitimate SME and small businesses (which were UK taxpayers) to keep them afloat during the pandemic and stave off the threat of insolvency.
30 September 2021
Bankrupt beneficiaries and risks for personal representatives
While testators generally have freedom to decide how to dispose of their assets in England and Wales, there are limits to this freedom, including where a beneficiary of the estate is made bankrupt. If the testator passes away during the course of the beneficiary’s bankruptcy, the legacy will usually pass to the trustee in bankruptcy for the benefit of creditors instead of to the beneficiary.
30 September 2021
Rising from the ashes
The government has introduced two separate pieces of legislation aimed at redressing the abuse of “killing off” companies to escape liabilities. One recently came into force, the other is currently before parliament.
11 June 2021
A nervous disposition
Daniel Staunton explores the inherent conflict between the jurisdiction of the bankruptcy courts and the family courts and asks which jurisdiction trumps the other? This article focuses on the authorities in relation to section 284 and when family court orders might be liable to be set aside as void dispositions
11 June 2021
On the rebound: How to clawback from a divorce
Mary Young explores how divorce settlements between spouses may be caught later down the line in bankruptcy proceedings as potential TUVs where there are dishonest motives.
