LAWBITES
Wound down The restrictions on the use of company statutory demands and presentation of winding up petitions introduced by the Corporate Insolvency and Governance Act 2020 (see ‘Civil way’, 170 NLJ 7895) are extended from 31 December 2020 to 31 March 2021 by SI 2020/1483.
What a business The paralysis in forfeiture or re-entry of business premises for non-payment of rent has been extended from 31 December 2020 to 31 March 2021 by SI 2020/1472 in England and SI 2020/1456 in Wales (see ‘Civil way’, 170 NLJ 7904).
Much ado about little? From 28 January 2021 the civil legal aid financial eligibility cap on the disregard of any mortgage or charge on the applicant’s interest in land is removed. Instead of a limited secured sum of £100,000 of debt being reckoned, the whole lot will be taken into account. Disposable capital of between £3,000 and £8,000 requires a contribution and scoring over £8,000
