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Additional Caution Required for Insolvency Practitioners Relying on Companies House Filings (UK)

Additional Caution Required for Insolvency Practitioners Relying on Companies House Filings (UK)
by: Rachael Markham of Squire Patton Boggs (US) LLP  -   Restructuring GlobalView
Tuesday, March 5, 2024

Over the past week, reports have emerged about filings that have been made at Companies House marking a charge as satisfied, without the company’s or relevant lender’s knowledge.

There were rumours last week, which were simply that, because Companies House had not publicly announced any issue, but, as we have seen over the weekend and is now widely reported in the news, it appears that there have been at least 800 erroneous filings.

Our alert explains the possible impact that this could have on insolvency practitioners.

Hopefully the situation will be resolved shortly but watch this space for further updates.

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