legislation banned-from-being-a-company-director 
UK debt collections
JULY 25, 2022
The UK’s Insolvency Service has utilised its new powers for the first time against directors that dissolve businesses to avoid the payment of its debts. Last year, government ministers introduced new legislations that gave the Insolvency Service powers to investigate and punish directors that abused the system to escape their creditors.
Hudson Weir
AUGUST 27, 2021
Unfit conduct can result in director disqualification for up to 15 years. It’s vital for directors to understand their legal responsibilities. Furthermore, breaking the terms of a company director disqualification can lead to a fine or prison sentence of up to two years. What is director disqualification?
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Collection Industry News
JULY 25, 2022
The UK’s Insolvency Service has utilised its new powers for the first time against directors that dissolve businesses to avoid the payment of its debts. Last year, government ministers introduced new legislations that gave the Insolvency Service powers to investigate and punish directors that abused the system to escape their creditors.
Hudson Weir
JANUARY 21, 2022
In this article we’ll run through what happens to a director of a dissolved company, as well as how the circumstances can differ in comparison with liquidation cases. The dissolution of a company – also known as ‘striking off’ a business – is relatively common. Defining a dissolved company.
Troutman Sanders
AUGUST 2, 2021
State legislatures, such as New York, North Carolina, Pennsylvania, and Texas, have introduced bills that would prohibit certain entities from paying a ransom in the event of an attack. Vorndran stated that “silence benefits ransomware actors the most,” and banning ransom payments will likely only result in fewer reported incidents.
Collection Industry News
OCTOBER 3, 2022
At some point in the future, Texans who visit social media sites might be greeted with a pop-up screen saying something like: “The content you are about to see contains graphic violence, white supremacist imagery and other objectionable material. If you don’t want to be exposed, click here.”.
Troutman Sanders
MARCH 14, 2022
Like most industries today, Consumer Finance Services businesses are being significantly impacted by the novel coronavirus (COVID-19). We regularly update this site with COVID-19 news and developments, recommendations from leading health organizations, and tools that businesses can use free of charge. State Activities.
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