The Insolvency Services recent request for a ‘new approach to business failure and insolvency’

Insolvency Assist CIC’s contribution to The Insolvency Services recent request for a ‘new approach to business failure and insolvency’ https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/451940/combined-responses.pdf The commission’s recommendations are sound in their objectives and should be widely enjoyed within the SME community we represent.      Sensibility to not curtail or preclude entrepreneurship from a result of ‘honest failure’ is a…

Insolvency Litigation for irhp misselling

Litigation Funding, LASPO and Derivatives The world of insolvency is now open to discussion on banks malfeasance’s in misselling Derivatives that caused businesses to fail. Although the majority of cases we investigate do not evidence this some do. For those that do there is a way forward with litigation funders now approving insolvent cases for…

LASPO Insolvency Exemption

No-win No-fee Agreements for Insolvency Proceedings In February this year the Government extended the little advertised exemption to allow Insolvency claims to benefit from being able to claim CFA uplifts and ATE premiums in successful litigation but why is it always reported to enable the insolvency practitioner to pursue ‘rogue Directors’. http://www.lawgazette.co.uk/law/moj-makes-u-turn-on-laspo-insolvency-exemption/5047083.fullarticle The extension is…

What is a Bank ‘Missale’ ?

What is a bank ‘Missale’ ? I asked this question to a senior Cabinet Minister this week – they could not answer I asked this question to a Member of Parliament this week – they could not answer This is because the question has not been allowed to be defined in Law. We all know…

Fraud – can the bank cover up Fraud ?

As time passes in the world of ‘missold’ interest rate hedging products (irhp) the more the banks seem to want to hide. We now find that Lloyds bank include the necessity to accept Full & Final settlements with Fraud and Acts of Dishonesty ! Extract from a Full Rescission offer made to an insolvent company;…

August 2014 – so what now ?

So we have reached August 2014 and the IRHP ‘miss selling’ is still an issue for Insolvent claimants. What progress has been made? FOS have little to offer for victims of IRHP miss selling in need of remedy in excess of £150,000 Bank Voluntary Review Scheme this scheme has been superb in bringing about issues and allowing…