All articles by John Cook
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ProfessionalWhy CVAs fail more often than not, especially for landlords involved
In March 2016, BHS entered into a company voluntary arrangement (CVA) with its creditors, designed to transform the company’s fortunes and avoid full-blown insolvency. Just a few weeks later, the retailer collapsed into administration.
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ProfessionalChanges to insolvency rules mean better transparency for landlords
On 3 March, new rules were laid before parliament that will require insolvency practitioners in England and Wales to provide upfront summaries of the estimated costs, together with details of the intended work and likely timescale, arising from their appointment. Changes to these estimates will require the consent of creditors.
