Wednesday 22nd July saw the Royal Assent of the Finance Bill 2019-21, which will mean that from 1st December 2020 HMRC will become a secondary preferential creditor in insolvencies, a move that R3, and the UK insolvency and restructuring profession, believe will damage the UK’s carefully cultivated business rescue culture...

R3 surveyed our members in early to mid May, to find out how the profession was finding levels of demand for its services, on both the personal and the corporate insolvency fronts...

This post looks at some of the economic damage that the COVID-19 pandemic has caused in the UK, following the news that monthly GDP for April 2020 was at a level last seen in the summer of 2002...

The first full calendar month operating under lockdown has been a busy one for R3’s Press, Policy and Public Affairs team, as we adjusted to new patterns of working, handled a variety of media enquiries, and engaged with politicians on issues of interest to the profession.

From signing documents to holding creditors' meetings, to the difficulty in obtaining reliable asset valuations, there are many practical issues which insolvency and restructuring professionals are encountering due to the COVID-19 pandemic...

In his statement on 26 March, the Chancellor announced a package of support tailored at self-employed people. Here are R3's thoughts...

A list of links to information and resources for members of the insolvency and restructuring profession in response to the COVID-19/coronavirus outbreak...

A selection of advice and information for people in financial distress, given by R3’s Personal Insolvency Committee...

A list of sources of advice and support for businesses and individuals affected by the coronavirus/Covid-19...

The COVID-19 pandemic has already made sweeping changes to how the UK does business. With great uncertainty as to how long the changes will last and whether or not they will permanently change the business landscape, R3 has compiled some advice for businesses...