Review of insolvency practitioner fees and reform to complaint handling system announced

Business Minister Jo Swinson today recently announced a review that will ensure creditors achieve value for money from procedures carried out by insolvency practitioners. The review, which will be led by Professor Elaine Kempson from the University of Bristol, will hear views from members of the insolvency profession as well as debtors and creditors. A […]

Companies wound up ‘in the public interest’

Two connected London based companies, 10 Little Pigs and Magic Berries have been wound up in the public interest for the misleading promotion of franchise opportunities. The petition to wind up the companies was presented to the High Court following an investigation by Company Investigations, part of the insolvency service. Both companies offered guaranteed returns […]