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Consumer debt forecast “likely to favour law firms” but smaller practices could lose out

Smaller law firms specialising in insolvency work will be hit with a double whammy as Brexit favours big firms that can keep debt recovery costs down, while an Online Court will make it easier for litigants in person to pursue claims, a report has predicted. But the overall picture for law firms handling insolvency work was bright, it said.

July 12th, 2017 | No Comments »

High Court backs SRA over bankruptcy costs claim

The High Court has backed the Solicitors Regulation Authority in denying a trustee in bankruptcy the right to deduct his costs from client funds held by a solicitors’ practice after the principals were made bankrupt.

June 8th, 2015 | No Comments »

SRA cedes handling of insolvency complaints

The Solicitors Regulation Authority (SRA) has brought in the Insolvency Practitioners Association (IPA) to handle complaints against solicitor insolvency practitioners. It follows criticism by the Insolvency Service of the SRA.

September 10th, 2012 | 1 Comment »

Firm claims RTA portal “breakthrough” as insolvency cases granted stay of LASPO execution

Liverpool costs specialists yesterday claimed a “massive breakthrough” in a dispute about the recovery of ATE insurance in RTA portal cases that has seen thousands of cases stayed. The news came as the government announced a two-year moratorium on ending recoverability in insolvency cases.

May 25th, 2012 | No Comments »

Insolvency Service gives SRA a taste of its own medicine

The Solicitors Regulation Authority has had the tables turned after receiving a monitoring visit of its own from the Insolvency Service which then criticised the way it regulates solicitor insolvency practitioners.

May 22nd, 2012 | No Comments »

Third edition of SRA Handbook in seven months goes live

The third edition of the SRA Handbook in just seven months has gone live after being approved by the Legal Services Board. A fourth edition in less than a year since the Handbook went live on 6 October 2011 should be necessary in June.

April 30th, 2012 | No Comments »