https://pressroom.prlog.org/griffinking/ About Griffin & King - Griffin and King are a leading firm of Insolvency Practitioners within the West Midlands with offices covering Dorset, Hampshire, Shropshire and Mid Wales https://www.prlog.org/12223404-how-quickly-can-creditors-voluntary-liquidation-process-start.html The process can be started immediately. The directors need to sign a resolution to appoint an Insolvency Practitioner to prepare a statement of affairs and to call a creditors meeting.Wed, 09 Oct 2013 12:43:13 GMT https://www.prlog.org/12221036-osbourne-help-to-buy-could-inflate-market.html George Osborne has conceded that his £130bn Help to Buy lending scheme could artificially inflate the housing market asking the Bank of England to monitor the initiative’s effect on property prices two years earlier than scheduled.Fri, 04 Oct 2013 09:13:59 GMT https://www.prlog.org/12211732-lehman-brothers-five-years-on.html In the five years since 7.56am on Monday 15 September 2008, when a judge put the UK arm of Lehman Brothers into administration, Tony Lomas has been unraveling the $1.1bn (£700m) of assets and liabilities inside the collapsed bank.Tue, 17 Sep 2013 11:10:45 GMT https://www.prlog.org/12210032-the-tortoise-and-the-hare-advanced-and-emerging-economies.html It isn’t very often that you can describe the world as being turned upside down, but for the moment that is exactly what is happening.Fri, 13 Sep 2013 10:08:58 GMT https://www.prlog.org/12208086-consumer-credit-booming-at-fastest-rate-since-2008.html Campaigners have warned in recent weeks that debt is becoming a ‘way of life’ for some cash-strapped families, after official figures showed that consumer credit is expanding at its fastest rate since December 2008.Tue, 10 Sep 2013 13:04:26 GMT https://www.prlog.org/12189680-wonga-powerful-force-for-good-in-the-financial-world.html Errol Damelin, the chief executive of Wonga, has responded to recent criticism of the payday lender by stating that ‘[Wonga] is a powerful force for good in the financial world.’Thu, 08 Aug 2013 10:18:36 GMT https://www.prlog.org/12156047-politicians-in-danger-of-looking-silly-in-global-tax-debate.html This is a story that has hit the news over the last few months and continues to bubble.Thu, 13 Jun 2013 09:16:52 GMT https://www.prlog.org/12083551-personal-insolvencies-fall-but-mask-the-real-problem.html Bankruptcies have reduced by 20.1% to 6,919 in the final quarter of 2012 from 8,658 in the corresponding quarter of 2011.Wed, 29 May 2013 11:38:26 GMT https://www.prlog.org/12078159-nearly-one-in-five-retiring-in-debt.html Around one in five of those retiring this year will have debt averaging over £31,000 according to recent figures issued by Prudential.Tue, 12 Feb 2013 13:13:18 GMT https://www.prlog.org/12068906-day-one-world-economic-forum-the-davos-agenda-in-2013-resilient-dynamism.html Forgive the summary of the agenda of Davos below, I feel it is important to put my article in context.Tue, 29 Jan 2013 14:08:04 GMT https://www.prlog.org/12063988-small-businesses-experience-higher-levels-of-distress.html Small businesses are experiencing significantly higher levels of distress compared to larger businesses according to R3’s latest business distress index.Tue, 22 Jan 2013 10:12:09 GMT https://www.prlog.org/12052544-households-braced-for-2013-hapyy-new-year.html Happy New Year! A survey carried out by Markit last month showed that 43% of households expect their finances to worsen this year against 24% who expect their finances to improve.Thu, 03 Jan 2013 15:23:35 GMT https://www.prlog.org/12011826-do-we-even-know-how-many-dmps-there-are-out-there.html My blog last week about Tracey raised quite a few comments. Do we even know how many DMP’s there are out there and how much unsecured debt there is tied up in them?Tue, 30 Oct 2012 09:23:20 GMT https://www.prlog.org/12008339-beware-of-dmps-debt-management-plans-and-review.html I had a call from Tracey last week. Tracy explained that her husband (Neil) and she had been in a DMP (Debt Management Plan) for around six years. Neil's accountant had suggested she call us.Thu, 25 Oct 2012 09:37:43 GMT https://www.prlog.org/11983750-are-our-mps-pro-business.html Yes, G4S got things seriously wrong with their Olympic security shambles.Tue, 25 Sep 2012 19:33:04 GMT https://www.prlog.org/11982665-eurozone-jobless-hits-record.html Recent figures show that the Eurozone jobless in July exceeded 18 million for the first time.Mon, 24 Sep 2012 20:57:31 GMT https://www.prlog.org/11981587-new-rules-for-financial-advisers.html With effect from 1st January 2013 IFA’s (Independent Financial Advisers) will no longer be able to draw commissions from customers.Sun, 23 Sep 2012 20:22:05 GMT https://www.prlog.org/11977924-new-tougher-rules-for-hmrc.html is planning changes to the PAYE system that should help them identify underpayment much quicker......Tue, 18 Sep 2012 18:41:30 GMT https://www.prlog.org/11960969-inconsistant-figures-cause-economists-to-scratch-their-heads.html Figures issued last week by the Office of National Statistics (ONS) showed that employment had increased at a time when the second quarter has come in with a preliminary GDP figure of negative 0.7. What are we to believe?Tue, 28 Aug 2012 16:42:40 GMT https://www.prlog.org/11953419-why-the-hurry-to-produce-gdp-figures-if-they-could-be-misleading.html We are now being told that better than expected construction figures may well mean that the second quarter GDP figures published last month will be revised upwards.Sun, 19 Aug 2012 19:19:17 GMT https://www.prlog.org/11942362-isnt-it-time-to-call-time-for-the-eurozone.html Recently the Eurozone approved the terms of a loan of up to 100bn Euros to re-capitalise Spanish banks but the crisis continues.Sun, 05 Aug 2012 21:18:10 GMT https://www.prlog.org/11937350-tax-incentives-point-the-way.html Up to 15 major corporations are looking to relocate back to the UK following changes in tax rules.Mon, 30 Jul 2012 15:38:02 GMT https://www.prlog.org/11936688-borrowing-overshoot-is-blow-to-george-osborne.html Recent data in shows that the State borrowed more in June this year than it did in 2011.Sun, 29 Jul 2012 20:41:12 GMT https://www.prlog.org/11932919-eurozone-leaders-continue-to-rangel.html Following on the from latest fudge from the Eurozone leaders the Finnish finance minister, Jutta Urpilainen said her country was not prepared to keep the Euro “at any cost”.Tue, 24 Jul 2012 19:07:51 GMT https://www.prlog.org/11917185-gloomy-figures-and-euro-crisis-make-for-grim-reading.html The UK and the Eurozone have all published recent figures that show manufacturing output slumping at a very disappointing rate.Thu, 05 Jul 2012 22:06:01 GMT https://www.prlog.org/11914381-are-you-serious-wonga-are-now-making-loans-available-for-businesses.html Payday Loan Company ‘Wonga’ are now making loans available to businesses.Mon, 02 Jul 2012 20:10:59 GMT https://www.prlog.org/11914375-commission-predicts-record-unemployment-for-eurozone.html The Eurozone is braced for a further bout of austerity despite pledges from political leaders to boost growth policies after the European Commission predicted at least 9 of 17 member countries would fail to meet spending targets next year.Mon, 02 Jul 2012 20:06:09 GMT https://www.prlog.org/11907505-mind-that-elephant-in-the-room.html Spain’s King Juan Carlos has recently shown his complete inability to grasp the crisis at home by taking a holiday in Botswana to shoot elephants and other exotic animals.Sat, 23 Jun 2012 22:36:23 GMT https://www.prlog.org/11899265-oft-announce-revised-debt-management-guidance.html The Office of Fair Trading (OFT) has estimated commercial fee charging debt management companies (DMC’s) make £250 Million a year from over-indebted clients.Wed, 13 Jun 2012 19:18:26 GMT https://www.prlog.org/11892894-renewed-growth-fears-may-push-uk-into-technical-recession.html Recent data, particularly from the construction industry has put the UK on course for double dip recession for the first quarter of 2012Tue, 05 Jun 2012 20:28:16 GMT https://www.prlog.org/11892887-business-failure-rates-expected-to-rise-10-over-the-next-2-years.html Business failures are set to rise by up to 10% over the next 2 years according to a study by BDO LLP recently.Tue, 05 Jun 2012 20:22:20 GMT https://www.prlog.org/11880690-new-high-court-ruling-on-pension-pots.html The High Court has recently ruled that untouched private pension pots of undischarged bankrupts can be used to pay off creditors.Mon, 21 May 2012 21:07:49 GMT https://www.prlog.org/11873198-showdown-on-austerity-gathers-pace.html Germany and France have moved towards a bruising and potentially destabilising showdown on how to tackle the European debt crisis.Fri, 11 May 2012 23:45:40 GMT https://www.prlog.org/11867629-spains-jobless-hits-25-unemployment-in-spain.html Unemployment in Spain has hit almost 25% amidst concerns that the countries banking sector may need a huge €120 Billion bailout before the end of the year.Sat, 05 May 2012 23:05:10 GMT https://www.prlog.org/11860170-house-price-increase-greatest-in-expanding-markets.html British house prices have risen by 50% since 2001 according to LloydsTSB analysis of best performing international housing markets. This ranks the UK 13th in the table.Thu, 26 Apr 2012 19:07:48 GMT https://www.prlog.org/11856169-eu-to-raise-capital-reserve-ratio-for-banks.html Europe’s biggest banks could see the amount of capital they are required to hold in reserve more than double.Mon, 23 Apr 2012 09:32:55 GMT https://www.prlog.org/11845712-company-insolvencies-on-the-increase.html Company insolvencies were up 7.4 per cent during the final report of last year in England and Wales compared to the same period in 2010.Tue, 10 Apr 2012 13:41:44 GMT https://www.prlog.org/11845710-wrongful-trade-what-amounts-to-defence.html The High Court recently judged that the liquidator of a company had been wrong to pursue two companies’ directors for wrongful tradeTue, 10 Apr 2012 13:40:04 GMT https://www.prlog.org/11845672-osbourne-to-cut-corporation-tax-to-20.html George Osborne has recently been reported that his objective is to reduce corporation tax to 20% which is significantly lower than other Western economies and would be great for UK business.Tue, 10 Apr 2012 13:03:54 GMT https://www.prlog.org/11845670-so-where-do-we-go-now-the-greek-debt-deal.html The Greek ‘debt deal’ has now been secured which kicks the problem firmly up the road. In immediate terms this should have a massive positive effect for the EU and this has avoided a huge disorderly default.Tue, 10 Apr 2012 13:00:08 GMT https://www.prlog.org/11830394-decrease-in-the-number-of-uk-company-failures-in-the-first-quarter-of-2012.html Corporate insolvencies down 3.7% compared with Q1 2011 according to the Graydon UK Insolvency PredictorWed, 21 Mar 2012 14:59:31 GMT https://www.prlog.org/11827024-unpaid-invoices-costing-uk-economy-14-trillion.html Research released today from Tradeshift finds that 13% of invoices issued by UK small businesses remain unpaid every year, causing a £1.4tr black hole in the economy.Sat, 17 Mar 2012 15:22:28 GMT https://www.prlog.org/11812459-rise-in-number-of-distressed-law-firms.html New figures show that the number of law firms in distress has risen dramatically.Wed, 29 Feb 2012 22:12:34 GMT https://www.prlog.org/11809063-research-finds-businesses-are-failing-because-of-uncertainty-over-admin-expenses.html A recent survey of R3’s members found that on average, 28% of potential trading administrations are now pre-packed or liquidated because of the expenses regime.Sun, 26 Feb 2012 23:13:56 GMT https://www.prlog.org/11807288-government-proposals-to-overhaul-the-pre-pack-insolvency-sales.html Government proposals to overhaul the pre-pack insolvency sales process have now been dropped, to the dismay of business bodies.Thu, 23 Feb 2012 21:42:26 GMT https://www.prlog.org/11802852-insolvent-companies-face-trading-uncertainty.html Confusion over the payment priorities of administrators of collapsed businesses is resulting in job losses and company liquidations, insolvency practitioners have warned.Sun, 19 Feb 2012 21:43:13 GMT https://www.prlog.org/11790295-groundwork-merseyside-jobs-to-go.html Most of the staff at a Liverpool-based environmental charity are to lose their jobs, it has been announced.Sat, 04 Feb 2012 16:26:33 GMT https://www.prlog.org/11754257-eurozone-cresis-hits-business-confidence-debt-warning-over-store-cards.html At the recent CBI Conference, 70pc of business leaders polled claimed that prospects have grown bleaker given the recent European crisis.Tue, 20 Dec 2011 15:54:44 GMT https://www.prlog.org/11754216-public-sector-workers-planning-to-strike.html Public sector workers planning to strike later this month could cost the economy at least £100 Million experts have warned.Tue, 20 Dec 2011 15:49:25 GMT https://www.prlog.org/11663731-insolvency-service-personal-insolvency-statistics-insight.html The number of people becoming personally insolvent in England and Wales has risen for the first time in a year, according to figures released by the Insolvency Service.Sat, 17 Sep 2011 15:07:27 GMT