McAlister | Blog | Business Insolvency

October 19, 2021 by Sandra

Everything you need to know about wrongful trading
In 2020, under the Corporate Insolvency and Governance Act, existing wrongful trading provisions were suspended. This was to allow businesses to continue... [Read the full blog...]
Filed Under: Business Insolvency
October 11, 2021 by Sandra

Help! I can’t afford to pay my staff now the furlough scheme has ended
The Coronavirus Job Retention Scheme, or furlough as it is also known, was used in some form or another by two thirds of businesses since it was... [Read the full blog...]
Filed Under: Business Insolvency
August 2, 2021 by Sandra

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
July 21, 2021 by Sandra

The benefits of contacting a licenced insolvency practitioner
When a company is failing, it is usually the directors who approach a licensed insolvency practitioner for advice and guidance on what they should do... [Read the full blog...]
Filed Under: Business Insolvency
July 14, 2021 by Sandra

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
June 23, 2021 by Sandra

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... [Read the full blog...]
Filed Under: Business Insolvency
June 9, 2021 by Sandra

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
May 25, 2021 by Sandra

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
May 19, 2021 by Sandra

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
March 3, 2021 by Sandra

The Warning Signs of Insolvency
When it comes to finance, it’s easy to bury your head in the sand. But with a business, recognising the warning signs of insolvency early could mean the... [Read the full blog...]
Filed Under: Business Insolvency