Press Archive 2015

44 articles

  1. 17/12/2015

    Half a £billion payday for rogue directors as MoJ ends insolvency exemption

     The Ministry of Justice has announced that it is ending the exemption for insolvency litigation from the Legal Aid, Sentencing and Punishment of Offenders Act 2012.… Read more

  2. 16/12/2015

    Ministry of Justice risks half a £billion payday for rogue directors – at ordinary businesses’ and taxpayers’ expense

    Loss of insolvency exemption from LASPO Act would create legal funding black holeUp to £115m of taxpayer money at riskUp to almost half a billion pounds owed to… Read more

  3. 26/11/2015

    Consumer access to debt advice damaged by FCA changes, warns R3

    Financially struggling individuals are facing shrinking options for expert debt advice due to the way the new FCA authorisation regime has been implemented, warns… Read more

  4. 20/11/2015

    ‘Zombie businesses’ return to the land of the living

    The number of businesses just paying the interest on their debts – a key characteristic of ‘zombie businesses’ – has plummeted from 154,000 in… Read more

  5. 20/11/2015

    Government response to consultation on redundancy and insolvency ‘does not provide the workable solutions needed’ – R3

    Commenting on the government’s response to its own call for evidence on consulting on redundancies in insolvencies, insolvency trade body R3’s president… Read more

  6. 20/11/2015

    Leading Business Groups Add To Call For £160m Ministry Of Justice Insolvency U-Turn

    Three new groups add voices to long-running campaign for permanent insolvency exemption from LASPO ActNew letter to Minister coincides with new Early Day Motion on… Read more

  7. 18/11/2015

    1-in-5 businesses owed overdue invoices – R3

    One-in-five (21%) businesses are owed payment on invoices that are over 30 days past due, according to new research by insolvency trade body R3.  Manufacturing… Read more

  8. 17/11/2015

    Personal finance pessimism at lowest level – R3

    Debt worries and struggles to payday also near record lowsBut significant proportion of British adults stuck in debt   A record low 15% of British adults expect… Read more

  9. 12/11/2015

    Half of British adults believe insolvency ‘stigma’ has fallen – R3

    Less than half of British adults (48%) say there is a ‘social stigma’ attached to entering insolvency   Half of British adults (50%) believe the… Read more

  10. 02/11/2015

    Pre-pack reforms an ‘important development’, says R3

    Commenting on reforms to ‘pre-pack administrations’ announced today (which include the introduction of a pool of business experts to review ‘connected… Read more

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