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October 2021

Personal guarantees that work for you, not against you

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With a personal guarantee in place, you may think you’ve got all bases covered should a customer begin to miss payments. However, construction industry creditors often find themselves in costly disputes with guarantors. Vague or badly drafted personal guarantees can leave you high and dry, with creditors questioning the legality or enforceability of a guarantee […]… Continue Reading

Response to National Insolvency Report: Monthly Statistics September 2021

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National Insolvency figures published (15 October 2021) by the Government’s Insolvency Service have indicated that the number of registered company insolvencies in September 2021 was 1,446: 56% higher than the number registered in the same month in the previous year (928 in September 2020), but 4% lower than the number registered two years previously (pre-pandemic; 1,510 in […]… Continue Reading