News & Blog

The latest press releases and opinion from Bishop Fleming

North Devon Theatres’ Trust – in administration

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The Administrators of North Devon Theatres’ Trust are pleased to report that they have now completed the surrender of the leases of the Queens Theatre in Barnstaple and the Landmark Theatre in Ilfracombe to the…

New rules to tackle poor payment practices

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For financial years beginning on or after 6 April 2017, large companies and Limited Liability Partnerships (LLPs) will have to report half-yearly on their payment practices in order to reveal how long they are taking…

North Devon Theatres Trust – Report and Statement of Proposals

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The Joint Administrators of the North Devon Theatres' Trust ("the Trust") have released their Report and Statement of Proposals, which can be found here. The Statement of Proposals is a statutory report by the Administrators…

The implications of Bankruptcy/IVA/Liquidation on your credit rating

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All three will affect your credit rating, detailed below the individual effects. Bankruptcy The bankruptcy order will show up on any credit report for a minimum of six years from the date of the bankruptcy…

I cannot pay my Company’s tax bill

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When cash becomes tight, all too often HMRC are the first creditors to have their payments delayed. Although it might seem like a good idea to delay paying tax bills to free up cash to…

Beware of insolvency-related scam

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A recent scam attempt came to our attention that we thought businesses and individuals should be aware of. Malcolm Rhodes explains. We received a telephone call from a creditor on a liquidation closed last year. The caller…

If my company goes into liquidation, can they make me bankrupt?

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To answer the question: If my company goes into liquidation, can they make me bankrupt?, let us home in on four key words. Liquidation This article assumes that the context is an insolvent liquidation of a…

How do I stop credit card companies chasing me?

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If you have been struggling with credit card debt for a while, it is important to consider the possibility that a debt collector could become involved. It is their job to follow up and settle…

When the bank guarantee bites

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I have given the Bank a personal guarantee, what is the effect of liquidation? A director will often provide the company’s bankers with a personal guarantee as a condition of obtaining finance or overdraft support.…

Overdrawn Director’s Loan Account & Insolvency

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A director’s loan account arises where a director removes more money from his or her company than they introduced. Until the director repays the amount overdrawn, this will appear as a loan on the company’s…