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What you need to know about SIP 13 and 16

by Paul Brindley | Jan 20, 2023 | Administration, Advice to Directors

Statement of Insolvency Practice (SIP) 13 and 16 are two codes of practice issued by the Insolvency Regulators in the United Kingdom to provide guidance on the conduct of pre-packaged sales (pre-packs) of companies in financial distress. SIP 13 sets out the principles...
Buying Assets or the business Back from the Liquidator / Administrator

Buying Assets or the business Back from the Liquidator / Administrator

by Paul Brindley | May 16, 2020 | Administration, Advice to Directors, CVLs

Some questions and answers to explain phoenixism… Introduction Phoenixism has a bad reputation in the minds of people who have never gone through it as an owner / manager of a business which has been owed money by a company that’s done it.  But a bit like going to the...

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