A new government scheme lets individuals and businesses repay wrongly claimed COVID-19 support without penalty before December 2025. Partner, Lee Green, explains what’s covered, the risks of not acting, and how Larking Gowen can help with voluntary repayments or insolvency concerns.
New HMRC and Insolvency Service powers give directors more responsibility than ever. Lee Green, Partner in our Insolvency and Recovery team, discusses what’s changed and how to protect yourself if your business is in financial difficulty.
As the Chancellor prepares to deliver the Autumn Budget 2024, several potential changes could impact solvent liquidations. We discuss what businesses and shareholders need to think about.
Lee Green looks at the implications of Director Loan Accounts when a company goes into liquidation and emphasises that not all directors are aware of their personal liability if the account is overdrawn.
Being made redundant as part of insolvency can be a hugely distressing time for you and your family, leaving you with many questions. What does this all mean for you and how can you get the money you’re owed?
The Bounce Back loan (BBL) scheme was introduced to support businesses during the COVID-19 pandemic. We set out some considerations for companies that have taken out Bounce Back loans and subsequently enter liquidation, including whether there is personal liability for directors.
Lee Green looks at HMRC’s recent guidance update about possible joint and several liability notices being issued to directors of insolvent companies that have a tax liability with HMRC.
A ‘preference’ occurs when a company facing insolvency puts a specific creditor, or group of creditors, into a better position than the other creditors. A director could face personal liability if a preference has been made, which could result in the director being disqualified.
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