Contracts play an important role in the day to day running of a business. They are an agreement, written or verbal, between two or more parties which establish the rights and responsibilities of each party for a transaction. Problems concerning the precise terms of agreements can occur and therefore it…
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If you’re owed money from an individual or a firm which is currently, or about to become insolvent, there are several options you could take to try and get your money back. Read on to learn about how to claim money back from a company in liquidation or a…
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A lease is an agreement between a landlord and tenant for the exclusive use of a property for a fixed period of time. The tenant will pay rent to the landlord, and often pay service charge and a contribution towards the landlord’s insurance. The landlord will usually be obliged to…
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At Abacus, we regularly act on behalf of bankrupt clients in assisting them in annulling their bankruptcy. The most common ground which we are asked to base an annulment application on is the ground under s.282(1)(b) of the Insolvency Act 1986 i.e. payment of all the debts and expenses of…
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