McAlister | Blog | Business Insolvency (3)

October 12, 2020 by Sandra

5 Signs Your Company May Need Business Debt Advice
One of the biggest questions people ask me is what the most common signs of insolvency are that I see from a director’s point of view. Although a wide... [Read the full blog...]
Filed Under: Business Insolvency
August 17, 2020 by Sandra

The lowdown on directors’ responsibilities
When you become a company director you take on a whole new set of responsibilities. Directors are effectively the agents of the company, appointed by the... [Read the full blog...]
Filed Under: Business Insolvency
June 5, 2020 by Sandra

County court judgments: the facts
When a creditor is not paid, they may seek to get a County Court judgment (CCJ). Applying for a CCJ is a serious step which creditors can turn to once all... [Read the full blog...]
Filed Under: Business Insolvency
May 6, 2020 by Sandra

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
March 13, 2020 by Sandra

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
March 11, 2020 by Sandra

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
February 24, 2020 by Sandra

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
February 20, 2020 by Sandra

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
December 17, 2019 by Sandra

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 the full blog...]
Filed Under: Business Insolvency
December 17, 2019 by Sandra

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 the full blog...]
Filed Under: Business Insolvency