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Your customer has paid but the liquidator wants the money back – what can you do?

Your customer has paid you but you now find they have gone into liquidation and the liquidators want the money back. Why? What can you do?

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HMRC as a preferential creditor in insolvency: what are the implications?

In the last budget, UK Chancellor Philip Hammond delivered a tax-focused budget announcing plans to make HMRC a preferential creditor in insolvency. It’s a move that comes with serious implications for UK business, most notably in reducing the chances of unsecured creditors being paid from insolvency.

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