Congratulations to Hodgsons Senior Partner, David Mond, who has been awarded Personal Insolvency Practitioner of the Year 2012.
Now in their fifth successful year, the Insolvency and Rescue Awards are widely regarded by the industry as one of the most prestigious awards scheme in the insolvency and rescue sectors. The judging panel for the category of Personal Insolvency Practitioner of the Year will base their decision on the following criteria:
Here, Rikki Burton, Hodgsons Senior Manager talks about David and why he deserved the award.
“The achievements and contributions David Mond has made to the industry throughout his career are substantial.
David works tirelessly to help people in debt and this award reflects the hard work and dedication David puts into his job. In a recent interview with a local newspaper, David discussed his childhood and the inspiration which led to his decision of going into a career in insolvency and providing a “safe place” for people in debt.”
As one of the founder members of the Joint BBA/Insolvency Service IVA Standing Committee, David has assisted in successfully making the IVA process as smooth and certain as possible for people in debt whilst also being instrumental in drafting the IVA Protocol to ensure a level playing field across all.
Founding member and current Chairman of trade association the Debt Resolution Forum (DRF), David is a key driving force within of the debt solution industry.
Congratulations to David from all of us at Hodgsons.
We’re sure you’re already aware that HMRC and other creditors are becoming more aggressive in their debt collecting techniques.
Below are the various methods HMRC are employing that may affect your client’s business. If your clients are worried about any current actions being taken by HMRC then contact us immediately.
Distraint is known as the preferred debt collection technique of HMRC as no court action is required to pursue. When HMRC levy a distraint they are able to seize goods for them to auction off. The alternative course of action is to allow you to enter into a walking possession agreement, so that you can continue to use the goods whilst the debt is being paid off. However, HMRC still retain all the rights of the distraint, where the goods cannot be sold without their permission.
A Personal Liability Notice for National Insurance may be issued when there has been an underpayment of contributions and HMRC consider failure to pay is attributable to the fraud or neglect of the directors. Your clients can be made liable for all National Insurance payments due to HMRC.
A Director Disqualification can occur if your client’s company goes into an insolvency procedure with a significant debt outstanding to HMRC. This might occur if your clients have not been making payments to HMRC and are effectively using the money owed to finance ongoing trade.
PAYE Security Bond is NEW LEGLISLATION which HMRC are trying to implement. The PAYE security is likely to be very similar to the request for a security bond for VAT. Should a bond for PAYE or VAT be requested then this may have adverse consequences on your client’s future cashflow. Immediate advice should be taken on how to deal with this.
For any of your clients who you feel may be facing serious commercial problems due to these regulations, contact us for a free, confidential, no obligation review whereby if necessary we can guide your client on;- Business Restructuring, Pre Pack Administration, an orderly Liquidation, Company Voluntary Arrangement (CVA) or any other process deemed necessary.
Hodgsons – Expert advice of the highest quality