The Registry Trust, the agency responsible for recording judgment information, has reported sharp increases in both English business and consumer debt. Indeed, so far as consumer debt is concerned, the amount of consumer debt is the highest since current records, dating back to Q1 2005, began.
Depending on the plans for the business, the principals may well be taking professional advice on succession planning, such as continuity of the business in the event of sudden death or the most tax-efficient way to pass the business on to the next generation etc. But how often is the impact of divorce of one of the partners or shareholders considered?
Neil Kennedy, who replaced John Macmillan as managing partner of MacRoberts at the start of this month, is very clear about what he wants to achieve in his first four-year term in charge of the firm he joined nearly two decades ago.
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