What are the advantages of liquidating a business?
As an accountant for a business owner, you will need to know the options your client has should their business fall into insolvency. Understanding all of... [Read more...]Filed Under: liquidation
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The six different types of insolvency explained
Insolvency occurs when a company or individual is unable to pay its debts as they face financial difficulty. There are a number of insolvency procedures... [Read more...]Filed Under: liquidation
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The key differences between bankruptcy and liquidation
As a business owner, it can be easy to panic if you receive a county court judgement (CCJ) through the post, especially when so much is at risk. But, if... [Read more...]Filed Under: liquidation, Disolution
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The drawbacks of dissolving your company instead of liquidating it
Unfortunately with business, as in life, things don’t always go quite to plan. No one sets up a company with the express intention of having it slowly... [Read more...]Filed Under: liquidation, Disolution
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Antecedent transactions: why preferential payments are a bad idea
No one wants to see their business fail. It can be a very upsetting time for any businessperson. Just as you’re coming to terms with its failure and... [Read more...]Filed Under: Insolvency, liquidation
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The UK care sector is in trouble and it’s a problem for all of us...
With austerity still very much a watchword in this country and the pursestrings showing no sign of loosening, many UK industries are struggling. The... [Read more...]Filed Under: Insolvency, liquidation, administration
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The collapse of Bargain Booze… What to do if your franchisor goes bust
When companies go into administration or liquidation, the impact can be really quite devastating indeed. We recently explored the ramifications of two... [Read more...]Filed Under: liquidation, Franchising
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What recent changes to MVL's means for accountants
Liquidation isn’t always an unplanned financial disaster. Solvent winding up are quite common and sole traders, partners and directors voluntarily... [Read more...]Filed Under: liquidation, MVL
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What is the order of priority of payments when a company is liquidated?
When all other avenues have been explored and exhausted and the debt is overwhelming, a company may have little choice but to go into liquidation. This... [Read more...]Filed Under: liquidation