Insolvency trends in 2019
According to the Insolvency Service, total company insolvencies have continued to increase in the last two quarters of 2019, with an increase of 1.6% from... [Read the full blog...]Filed Under: Insolvency
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How to deal with pressure from your client's creditors
If your client’s business has entered insolvency, they may receive demands from their creditors for payment. Not only can this be a fraught time for the... [Read the full blog...]Filed Under: Creditor Support
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What’s the difference between wrongful and fraudulent trading
Introduction While wrongful trading and fraudulent trading are both unacceptable business practices during an insolvency process, one is a civil offence... [Read the full blog...]Filed Under: Business Insolvency
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What options do you have when dissolving your company?
If you want to close your company fast, dissolution is often the recommended process. The other term you may have heard is ‘striking off’, which is the... [Read the full blog...]Filed Under: Business Insolvency
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What will happen to my employees if my company is insolvent?
It’s never easy talking about business insolvency. However, if you’re a director of a company that employs a number of staff, it can be particularly... [Read the full blog...]Filed Under: Business Insolvency
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What are my employees’ rights during insolvency?
If your company is facing business insolvency or bankruptcy, it can be a very stressful time. It’s important to make sure you have all the facts and that... [Read the full blog...]Filed Under: Business Insolvency, Trading
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FAQs for companies in administration
Business insolvency can often be a difficult subject to talk about... …whether it’s because you’ve been involved in an ailing business before or are... [Read the full blog...]Filed Under: Company Administration
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Your client’s business goes into insolvency - what’s next?
If your client’s business goes into insolvency, first things first, it’s important not to panic. Instead, find an insolvency practitioner and enlist their... [Read the full blog...]Filed Under: Business Insolvency
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What do I need to be aware of when selling my company’s assets?
Most businesses will accumulate a substantial amount of assets over time. If your company is becoming insolvent, your assets will either be sold prior to... [Read the full blog...]Filed Under: Business Insolvency
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At what point should I speak to an insolvency practitioner?
Whether you want to rescue your business or close a company that’s run its course, if your business is experiencing financial issues - or if there is... [Read the full blog...]Filed Under: Business Insolvency