In the last month or so HMRC have won and lost two different battles which are likely to change the landscape of football insolvency.
The High Court rejected HMRC’s attempt to get the ‘football creditors rule’ abolished. This means that football clubs and players continue to get preferential financial treatment when a football club goes bust.
In the wake of Glasgow Rangers going into Administration and the exit route of the CVA being rejected by HMRC, the company which owned the club …
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What does liquidation mean and what does a liquidator actually do?
The process of liquidation is when a company is either at or near to the end of its life and the remaining assets need to be liquidated for distribution to creditors and shareholders. The role of the liquidator is to maximise the realisation of assets of the company.
There are a number of ways which assets can be realised this can be by a sale of the assets or through an investigation …
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In the last few days, CIFAS, the UK’s Fraud Prevention Service announced that fraud committed by staff increased by 14.5% in 2011 compared to 2010.
A quick search over the internet highlights this. By searching for “employee fraud UK” we found the following headlines over only a 5 day period:
Former employee defrauded housing association (21 June 2012)
Bride who stole £200,000 for lavish wedding jailed for 20 months (20 June 2012)
Man jailed for multi-million pound scam (22 June 2012)
Inquesta offers a number of seminars (see below), free of charge. Our seminars are carried out in-house. If you would like us to do a seminar, please contact us.
Basic accounting for lawyers
An introduction to fraud prevention & detection
An introduction to pre-pack administrations
Debt management v IVA v Bankruptcy
Solvent winding up
Completion Accounts disputes
What is a forensic accountant?
I am often asked what I do, the answer to which of course is “I am a forensic accountant.”. The general response to that is “oooh that sounds interesting…..” followed by “but what does that mean?”
The simple answer is that a forensic accountant deals with any form of dispute which involves a financial loss.
A forensic accountant regularly works with solicitors and barristers either on civil or criminal matters.
Civil matters tend to involve some sort of financial …
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