Sink or Swim: Bolton Wanderers in Administration
If relegation from the 2018/19 EFL Championship wasn’t bad enough for Bolton Wanderers’ fans, then starting next season in League One with a 12-point deduction will be. That is the consequence Wanderers will have to face though, having appointed administrators on Monday 13 May 2019 following the presentation of a Winding-Up Petition by HMRC. However, […]
Read morePension pots – Potential problems for bankrupts
Over recent years the treatment of a bankrupt’s pension has sparked mass academic debate within the insolvency market, while the Courts have attempted to deal with the issue and interpret multiple conflicting statutes. In the case of Re X (Application for Income Payments Order) [2014] the Court was tasked with making a decision regarding a […]
Read moreA Stark warning for Insolvency Practitioners
6The recent case of Top Brands Limited and others –v- Gagen Dulari Sharma and others sets out the fiduciary duties a liquidator has whilst in tenure. Ms Sharma (“Respondent”) was appointed as the liquidator of Mama Milla Limited (“MML”) on 21 September 2011. Whilst in office, Ms Sharma made 18 transfers of money between 30 […]
Read moreWhat now for Rangers F.C?
Whilst the recent statement from the Administrators that the Club is unlikely to go into liquidation will have come as a welcome relief to its supporters, it begs the question of what the future holds in store for Rangers F.C. following its entry earlier this week into Administration. The Club plans to use the breathing […]
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