The British economy may be displaying showing signs of growth but there are still plenty of companies feeling the pinch in the post-recession UK. According to research from Deloitte, 1,833 businesses went into administration last year.
If an employer has a series of debts that it can’t pay it has four choices: liquidation, receivership, a CVA/IVA or go into administration. Today, we’re going to look at how staff are affected in the event of administration.
What happens in administration
When a company chooses administration, it effectively asks an independent adjudicator, known as an Insolvency Practitioner, to take charge of the company.
The Insolvency Practitioner will restructure the company in an effort to prevent it from being liquidated and has the power to make anyone at the company redundant. More...
Becoming a father, whether for the first or fifth time, is always an exciting occasion. However alongside the sleepless nights and constant stream of nappies come the inevitable financial worries.
What can you expect at work when you become a Dad? What are your paternity rights under employment law? Let’s take a look:
How do I claim Paternity Leave?
To claim Paternity Leave, you need to inform your employer no less than 15 weeks before your baby is due. You must let them know about:
• Your baby’s due date
• When you’d like to take your Paternity Leave
• How much leave you want
What Paternity Leave am I entitled to?
Most Dads are eligible for 2 weeks paid Paternity Leave, but you can take 1 week if you prefer.
To qualify for Paternity Leave, you need to be the father of the child, its registered adopter or the husband or partner of the mother. You must also be an employee that’s worked continuously for at least 26 weeks before the ‘qualifying week’ that occurs 15 weeks before the child’s due date. More...
Whether you’re buying a holiday home in Pembrokeshire, a property to commute from in Cardiff or somewhere new to share with a partner, thousands of people make the step towards owning a second home in Wales every year.
What’s more, with house prices on the rise, buying a second property could also be one of the best investments you could make. However, buying a second home can be very different to purchasing your first. What do you need to consider? More...
A recently-qualified nurse has won a Howells competition and moved into her first house without having to pay any conveyancing fees.
Emily Kitt, who grew up in Carmarthenshire, won the competition after giving our panel judges the most ‘compelling and worthy’ reason to benefit from the free service. Since qualifying as a mental nurse, Emily has been staying with her Grandmother in Glyngaer, Caerphilly and helping her care for her Grandfather who suffers from Alzheimer’s.
She won the prize after explaining on Facebook that her new house would allow her time to be close to her Grandparents and her place of work. The location of her new house – a two-bedroom property in Beddau, Pontypridd – means that she can still help to care for her Grandfather and cope with the disturbed sleep patterns that are often inherent in Alzheimer’s cases as well as take shopping to her Grandparents.
Emily said: “We’re a very close family. I want to carry on spending the time with my Grandparents, and helping them as well as have my independence and remain close to work. More...
The family lawyers' group Resolution has said there is "no justification" for government plans to increase the Court fee for a divorce from £410 to £750.
The Ministry of Justice announced plans in December 2013 to increase Court fees for Divorce and some other family applications (as well as fees for high value commercial cases).
Resolution said in its response that the case for setting family Court fees purely on the basis of cost "has not been made in relation to family proceedings". They continued, “there is no justification for charging the public more than the actual cost (even as they do today) of using a service to pursue a legal remedy which is their right under statute.”More...
