Hopes of an interest rate cut before the end of the summer?
Hopes of an interest rate cut before the end of the summer?
High interest rates will leave a debt hangover of £41.7 billion amongst British businesses by the end of the decade. Talk to our Insolvency Practitioners if struggling financially.
What are the options for closing IR35 contractor limited companies, Solvent or Insolvent? How can Insolvency Practitioners help??
What are the options for closing IR35 contractor limited companies?
What are the options for closing IR35 contractor limited companies? How can Insolvency Practitioners help?
Personal Guarantees, Insolvency and Personal Liability
Personal Guarantees, Insolvency and Personal Liability
When insolvency strikes, Personal Guarantees can lead to Personal Liability for the director. Our Insolvency Practitioners can help.
We are often asked ‘What is the difference between a Compulsory Liquidation and a Creditors’ Voluntary Liquidation (CVL)?’
What is the difference between a Compulsory Liquidation and a Creditors’ Voluntary Liquidation (CVL)?
Compulsory Liquidations due to HMRC Winding-up Petitions have doubled in 2023. Always take advice early. If Liquidation is unavoidable, a CVL is often the better choice.
10 tips to help with Debt Recovery
10 tips to help with Debt Recovery
Late payments can severely disrupt a business’s operations, and can even lead to insolvency. An effective debt recovery policy is a must.
The Government is continuing with its hard line against Bounce Back Loan (BBL) fraud and misuse
The Government is continuing with its hard line against Bounce Back Loan (BBL) fraud and misuse
Suspended prison sentence and £10,000 repayment compensation order for businessman
Creditors Voluntary Liquidations (“CVL”) grew by 9% in 2023, reaching the highest figure since records began. What are the advantages of a CVL?
What are the Advantages of a Creditors Voluntary Liquidation (“CVL”)?
With record levels of CVLs in 2023, it is worth knowing that there is more to a CVL than the removal of creditor pressure, the prevention of legal action and the clearing of unsecured debt. Plus, a CVL does not necessarily mean a director will never work again.
What can Directors do if they receive a Winding Up Petition?
What can Directors do if they receive a Winding Up Petition?
In this article, we look at the processes involved in a Winding Up Petition being served and what happens when one is. The key thing is to take professional advice and then take swift action.
Judge orders director of gift company to repay £43,500 via a Compensation Order for a falsely obtained Bounce Back Loan (BBL)
Judge orders director of gift company to repay £43,500 via a Compensation Order for a falsely obtained Bounce Back Loan (BBL)
But what can directors who legitimately took out a BBL do if they cannot repay?
UK Restaurant insolvencies rise by 46% in last 12 months
UK Restaurant insolvencies rise by 46% in last 12 months
Restaurant Insolvencies will continue to grow until interest rates and inflation fall considerably.
