Many directors assume that once a company has been liquidated, their involvement comes to an […]
Company Insolvency
Failing to disclose connected party transactions during a pre pack sale is a regulatory breach under SIP 16, and for those with layered corporate structures, transparency is essential to avoid professional sanctions.
As Vee Bharkhada, Founder & Managing Director of Navigate Business Recovery Ltd, having spent over […]
Disguising a phoenix company to avoid historic debts is a criminal offence under the Fraud Act 2006 and section 216 of the Insolvency Act 1986, and investigators will trace beneficial control regardless of corporate layering.
As Vee Bharkhada, Founder & Managing Director of Navigate Business Recovery Ltd, I frequently advise directors on […]
Transferring business assets without the Administrator’s approval is unlawful under paragraph 43 of Schedule B1 and section 234 of the Insolvency Act 1986, and can result in criminal prosecution for asset diversion.
As Vee Bharkhada, Founder & Managing Director of Navigate Business Recovery Ltd, I frequently advise directors on […]
Stripping assets in anticipation of administration is viewed as fraudulent conduct under the Fraud Act 2006 and misfeasance principles, and it is closely investigated where there are signs of prior planning or insider benefit.
As Vee Bharkhada, Founder & Managing Director of Navigate Business Recovery Ltd, from the many […]
Reusing a company name after administration without court approval breaches section 216 of the Insolvency Act 1986, and this phoenix activity is a criminal offence, even if done indirectly or through a nominee.
As Vee Bharkhada, Founder & Managing Director of Navigate Business Recovery Ltd, my career, spanning […]