The Corporate Insolvency and Governance Act 2020 suspended liability for Wrongful Trading as part of a series of temporary measures introduced during the pandemic. Whilst the suspension of presentation of statutory demands and winding up petitions has been extended again until the end of September, no further extension has been provided for in relation to […]
About Jon Law
This author has yet to write their bio.Meanwhile lets just say that we are proud Jon Law contributed a whooping 4 entries.
Entries by Jon Law
Under the snappily entitled ‘Administration (Restrictions on Disposal etc to Connected Persons) Regulations 2021’ an Administrator must not make a substantial disposal of a company’s assets or business to a connected party within 8 weeks of their appointment unless either: The company’s creditors have approved of the disposal; or A ‘qualifying report’ in respect of […]
Rest assured that you are not alone if you are having sleepless nights worrying about what the future holds as the current Covid pandemic continues to affect business owners. New research has revealed that four in five small business owners report experiencing common symptoms of poor mental health at least a few times a year […]
The Government is asking banks to offer more flexibility to customers when BBL repayments are due to start. Called the Pay As You Grow (PAYG) approach, it will offer the following concessions: 1. An extension of the term of the loan from six to ten years; 2. The opportunity for borrowers to make interest only […]