What are the advantages of liquidating a business?
As an accountant for a business owner, you will need to know the options your client has should their business fall into insolvency. Understanding all of... [Read more...]Filed Under: liquidation
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Top things you need to do before starting the bankruptcy process
Bankruptcy could be suitable for anyone who owes a large sum of money and is unable to meet their repayments. It is legally binding with future... [Read more...]Filed Under: Corporation Tax, VAT
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Top 5 causes of business insolvency and how to avoid them
With running a business, there is always going to be a certain amount of risk involved. It’s just a fact of life. However, managing these risks requires a... [Read more...]Filed Under: Causes of insolvency
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Insolvency in the supply chain: what are your rights as a subcontractor?
With so much uncertainty, it is essential for you - as a subcontractor - to understand your rights, should your main contractor become insolvent. This... [Read more...]Filed Under: Sub-contractor
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What is the difference between creditors and debtors?
Although the terms ‘creditor’ and ‘debtor’ are seemingly straightforward, they can often be confused. It’s essential to understand the difference between... [Read more...]Filed Under: Creditors
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How accountants can prevent their client's insolvency before it's too late
As an accountant, you hold a certain amount of responsibility for your client’s finances. One of the worst things an organisation can face is business... [Read more...]Filed Under: Business Insolvency
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The six different types of insolvency explained
Insolvency occurs when a company or individual is unable to pay its debts as they face financial difficulty. There are a number of insolvency procedures... [Read more...]Filed Under: liquidation
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The key differences between bankruptcy and liquidation
As a business owner, it can be easy to panic if you receive a county court judgement (CCJ) through the post, especially when so much is at risk. But, if... [Read more...]Filed Under: liquidation, Disolution
