Raheel Khan
Cancelling your bankruptcy
Although a bankrupt may obtain an automatic discharge after one year, true freedom from bankruptcy is achieved by way of an annulment. An annulment is an effective cancellation of the bankruptcy and restores the …
Raheel Khan
Compulsory Insolvency and Validation Orders
Following service of the winding up petition a company will find its bank accounts frozen by the bank. Additionally, after the presentation of a winding up petition any subsequent transactions by that company are …
Raheel Khan
Bankruptcy: You and the Official Receiver
An Official Receiver is a civil servant, an officer of the Court and works for the Insolvency Service. His job is to review and administer your bankruptcy. After you are adjudged bankrupt you will …
Raheel Khan
No Deal Brexit and Assets in the EU
Brexit! It would be an understatement to say that it has caused controversy and uncertainty. However within cross border insolvency some upcoming issues are quite clear. Within the EU cross border insolvency is supported …
Raheel Khan
HMRC’s Creditor Status
Prior to the Enterprise Act of 2002 HMRC was treated as a preferential creditor within a liquidation thereby allowing them to rank ahead of other unsecured creditors. Following the 2002 Act HMRC lost this …