Once a company has been liquidated either through a Creditors Voluntary Liquidation or winding up, the liquidator will produce a report on the conduct of all of the directors in the period running up to when the business stopped trading. If they believe the Directors did not act in accordance with their duties then they [...]
With the continuing economic downturn, increasing numbers of businesses are finding it difficult to continue trading. In this economic climate Phoenixing or Pre-Pack Administration would enable many businesses to continue to trade without the burden of servicing legacy debts. As the recession continues to bite, more and more businesses are finding it difficult to continue [...]
Almost 5000 businesses went into liquidation in the first three months of this year according to the latest Insolvency Service figures for England and Wales released on 1st May 09. One of the solutions to this is Phoenixing (also known as Pre-pack administration). This is the process by which the sound elements of a failing [...]
If you do not want to continue running your business or you think it is in difficulty and cannot continue to trade, then you need to get good information about your possible options. One area which you will need to consider is company liquidation. The aim of this article is to explain in simple language [...]
The official Insolvency Service figures showed that in the first quarter of 2009, the number of companies being put into liquidation in England and Wales increased by over 50% compared to the same quarter in 2008. I would suggest that during these difficult economic times, directors or owners and senior managers take special notice in [...]
If your company is in financial difficulty, you may be better off undertaking a Company Voluntary Arrangement instead of struggling to raise the funds necessary for a Pre-Pack Administration. If your company is in difficulty, you may be better off undertaking a Company Voluntary Arrangement instead of struggling to raise the funds necessary for a [...]
I frequently come across examples of small business owners or directors who use personal borrowing to supplement their business cash flow. In the current climate due to the effects of the credit crunch, personal credit is now becoming much harder to obtain. This article looks at what can be done about this I frequently come [...]
If you receive a Winding up Petition, this could have very serious consequences for both you and your business. It is therefore very important to understand what a Winding up Petition is and the implications of receiving one. A Winding Up Petition could have serious consequences for you and your business. It is therefore very [...]
If your company is in trouble and you are looking for ways of preserving investment cash, a company voluntary arrangement could be a more affordable rescue solution than pre pack administration If your company is in financial trouble and you are looking for ways of preserving investment cash, a company voluntary arrangement could be a [...]
Bad Credit Signature Loans Generally speaking, signature loans are tailor made for individuals whose credit rating is good but with so many people suffering from bad credit these days, financial institutions have come up with bad credit signature loans. To get an approval for bad credit signature loan, you do not need to put anything [...]
