What is compulsory liquidation and how does it work?
Compulsory liquidation is a formal business insolvency procedure which results in a company being forcibly shut down. It is typically started by... [Read the full blog...]Filed Under: CVL
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What is a preference payment in insolvency?
When a company becomes insolvent, one of the main directors’ responsibilities is to act in the best interests of all of the company creditors.... [Read the full blog...]Filed Under: Business Insolvency
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The benefits of contacting a licenced insolvency practitioner
Discover the benefits of reaching out to licensed insolvency practitioners as a creditor who is owed money. When a company is failing, it is usually the... [Read the full blog...]Filed Under: Business Insolvency
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New powers given to tackle unfit directors of dissolved companies
The Insolvency Service has recently been given new powers to investigate directors of companies that have been dissolved. Previously, the Insolvency... [Read the full blog...]Filed Under: Business Insolvency
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Help – I can’t keep up with my CVA payments! What should I do?
A company voluntary arrangement (CVA) is an insolvency solution for companies who are currently facing financial difficulty but could turn things around... [Read the full blog...]Filed Under: CVA
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Director’s loan accounts, S455 and liquidation: everything you need to know
When a director takes more money out of a company than they put in, the director’s loan account becomes overdrawn. And if your director’s loan account is... [Read the full blog...]Filed Under: Business Insolvency
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5 signs that you need debt support and advice
From time to time, we all get the feeling that perhaps we aren’t managing our money as well as we could be. However, as a sole trader, things can spiral... [Read the full blog...]Filed Under: IVA (debt)
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Expert advice on dealing with disputes in the boardroom
In life – and in business – we can’t get along all the time. Unfortunately, boardroom and shareholder disputes are not uncommon and can arise for many... [Read the full blog...]Filed Under: Business Insolvency
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The future of food – what’s next for the industry after the pandemic?
It’s been a challenging 12 months for the food and drink industry. Whether it’s mitigating the impact of COVID-19 and the effect of the pandemic on the... [Read the full blog...]Filed Under: Business Insolvency
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Terminal Losses, VAT Bad Debt Relief and Crown Set Off
Often the reason for a company’s failure is either one large bad debt, or a series of problems with customers and loss of profit. However, terminal losses... [Read the full blog...]Filed Under: Business Insolvency