County court judgments: the facts
When a creditor is not paid, they may seek to get a County Court judgment (CCJ). Applying for a CCJ is a serious step which creditors can turn to once all... [Read the full blog...]Filed Under: Business Insolvency
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Don’t qualify for the Coronavirus Self-Employed Income Support Scheme? Here’s what to do next
According to the government’s Coronavirus Self-Employed Income Support Scheme which went live in May, self-employed workers may be eligible to receive a... [Read the full blog...]Filed Under: Covid-19
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Running out of cash - a guide to debt and refinancing
It’s pretty much impossible to run a small business without incurring some kind of debt. From daily running costs to business expansions, the use of loans... [Read the full blog...]Filed Under: Debt Relief Orders
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A guide to trading while insolvent
Trading while insolvent is the legal term used to describe a business continuing to trade despite being insolvent. A company is insolvent when it can’t... [Read the full blog...]Filed Under: Business Insolvency
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Your most popular liquidation questions answered
Liquidation is the process of closing a business and selling its assets to pay back its debts (also known as creditors). In a business liquidation, the... [Read the full blog...]Filed Under: CVL
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Crisis management: how to recover your business
From fires to flooding, power faults to flu, unplanned events can be very difficult for businesses to recover from. In some situations, you might struggle... [Read the full blog...]Filed Under: Covid-19
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Coping with coronavirus: help and advice for businesses
Due to the escalating COVID-19 coronavirus pandemic, we are living in uncertain times. Things are changing by the day and over the coming weeks and... [Read the full blog...]Filed Under: Covid-19
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Fixed and floating charges: the facts
When a company borrows money from a lender, it’s not unusual for the lender to ask for some sort of security for the debt. This is to protect the lender’s... [Read the full blog...]Filed Under: Business Insolvency
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What happens to my company’s credit rating after insolvency?
The Insolvency Act defines a company as insolvent if the company fails to pay its debts as they fall due, or if the company’s liabilities on the balance... [Read the full blog...]Filed Under: Business Insolvency
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Pubs and hotels under pressure: a rescue guide
The licensed trade is experiencing a difficult time. Hotel closures rose from 90 to 144 last year, whilst between September 2018 and September 2019, 530... [Read the full blog...]Filed Under: Company Rescue & Recovery