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
-
-
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
-
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
-
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
-
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
-
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
-
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
-
Seven tips for directors of insolvent companies
Running a company can be stressful at the best of times. But if your business is undergoing financial difficulty and creditors are waiting to be paid,... [Read the full blog...]Filed Under: Business Insolvency
-
What happens after insolvency?
‘Insolvency’ describes both the situation an insolvent company is in and also the various legal procedures for dealing with this situation under the... [Read the full blog...]Filed Under: Business Insolvency
-
Five company rescue options for businesses in financial difficulty
Businesses can run into financial difficulty for a number of different reasons. From late payments that make it impossible to pay debts to relying too... [Read the full blog...]Filed Under: Business rescue