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 more...]Filed Under: Business Insolvency
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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 more...]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 more...]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, but if you’re a director of a company that employs a number of staff, it can be particularly difficult... [Read more...]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 more...]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 worried... [Read more...]Filed Under: Business Insolvency, Trading
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When is the right time to tell employees that your company is insolvent?
In some unfortunate cases insolvency is inevitable, and the effects will not only be felt by you and any other directors, but also by your employees. One... [Read more...]Filed Under: Business Insolvency, Trading
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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 more...]Filed Under: Business Insolvency
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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