01 September 2018
What are the necessary steps to take when an organisation is served a disputed statutory demand? When dealing with corporate insolvency, unlike personal insolvency, there is no prescribed process when setting aside a statutory demand. Organisations should also be aware of receiving a winding-up petition which could tarnish, or even…01 September 2018
When dealing with a statutory demand the creditor can follow the bankruptcy process or winding-up proceedings, although usually as a last resort to assist the creditor with the details of the debtor’s assets. A bankruptcy or winding-up petition is usually filed by a creditor, in the event that the debtor…31 August 2018
What are the necessary steps to take when an individual is served a disputed statutory demand? One option is to contact the creditor to dispute the statutory demand, which will lessen costs for both parties, however a statutory demand must be responded to within 21 days, therefore this could be…31 August 2018
What is the minimum amount of demanded debt in a statutory demand? For corporate debtors the minimum amount is £750. For individual debtors the minimum amount is £5,000 – Under the Insolvency Act 1986 (Amendment Order 2015) which was revised on 1st October 2015. Although the sum of £750 still…30 August 2018
What is the difference between disputed debt and good debt in a statutory demand? Disputed debt in a statutory demand is when a creditor attempts to claim debt that the debtor claims is not owed to them, therefore they are not insolvent. A good petitioning debt is when the debt…30 August 2018
The most recent Insolvency Rules (IR) came in to place on 6th April 2017, with the intention of modernising and streamlining the initial process. This involved cutting costs on insolvency, as well as consolidating previous amendments, and ensuring that the language used is both modern and gender-neutral for the people…29 August 2018
The most recent Equality Act was enforced in 2010, replacing previous legislation including the Equal Pay Act 1970. The Equality Act 2010 covers the equality of terms provisions to ensure that all men and women should receive equal pay when in similar roles. Currently, there are issues for employees when…29 August 2018
According to the Office for National Statistics, Autumn is the most popular season to give birth, therefore it is important that all expectant mothers are aware of their maternity rights. Most expectant mothers know that they are entitled to 12 months maternity leave, taking in to consideration their length of…22 August 2018
The Network and Information Security (NIS) Directive is intended to create a base level of security for organisations that are operating essential services within the EU. The legislation came in on 6 July 2016 and became enforceable from 10 May 2018. The main sectors covered are energy providers, transport, banking…22 August 2018
Where a Controller uses third party systems to process personal data, the responsibility for consent still lays with it. Controllers bear the onus of acquiring GDPR-standard consent (or indicating any other lawful basis for processing the data), demonstrate it to the regulator and ensure it can be withdrawn as easily…To find how our friendly and knowledgeable solicitors can help you, contact us today.
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