Escaping liability in professional partnership insolvencies

… It is possible inadvertently to throw away these defences in the course of the process leading up to administration, a PVA and/or IVAs … This article describes the run-up to a professional partnership insolvency, and the choices faced by the partners who...

Inadvertent discharge of partnership liabilities

… By the time creditors are negotiating terms with partners the firm may have ceased to trade, and the partners may have gone their separate ways … (This article was first published in the Law Society Gazette on 21 June 2007) When a firm fails, major...

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