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Monthly Archives: March 2018

Helping Creditors to Realise Bankrupt’s Share Of A Jointly Owned Home

In times of economic uncertainty it is a sad reality that the numbers of individual bankruptcies tend to increase, often dramatically. It is therefore important for trustees in bankruptcy and other insolvency practitioners, lenders and other secured and unsecured creditors to know what their options are in relation to realising any assets to recover sums […]

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Unexplained Wealth Order

Since 31 January 2018, law enforcement agencies (including HMRC) have a new wide-reaching tool at their disposal – the Unexplained Wealth Order (“UWO”). Non-EEA Politically Exposed Persons (“PEPs”) and those suspected of involvement with serious crime may be targeted by UWOs and recipients of the same could potentially be stripped of properties exceeding £50,000 if […]

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The “residence nil rate band” one year on: What exactly is it?

On 6 April 2009, the government increased the tax-free allowance before an individual starts paying inheritance tax to £325,000.  Any assets over this are chargeable to inheritance tax at a rate of 40%.  This allowance known as the “nil rate band” has remained the same since that date.  As the law currently stands if the […]

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Insolvency in the Construction Industry: Spotting the early warning signs of a distressed site or project

The latest figures from the Insolvency Service report that insolvencies in the construction industry increased by around 8% last year.  These figures, together with reports on the recent collapse of Carillion, have brought the issue of insolvency in the construction industry back into the media spotlight.  Carillion’s collapse has attracted much criticism in the media.  […]

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