Covid-19 Insolvency Update

Covid-19 Business and Individual Support Measures for Insolvency

Information

What can we do

The Government is making changes to the insolvency legislation. These amendments seek to protect businesses, give them breathing space to survive and ensure that, where appropriate, insolvency can be avoided

If you would like information please contact our Insolvency team carrie.james@benemack.com

 

Suspension of Wrongful Trading Action from 1 March 2020

 The Government has announced that Wrongful Trading provisions will be suspended from 1 March 2020 for an initial period of 3 months in order for businesses to jeep going without the threat of personal liability.