The insolvency process can be a complicated and stressful time for businesses, individuals and creditors. As such, it is important that you have a clear understanding of the whole process and some of the different factors that it entails. One of these factors is voidable transactions. If you are interested in finding out more about […]
Voidable Transactions in Liquidation: Unpacking Preferential Payments Read More »
No matter the size of a company or the kind of industry that they operate in, there are going to be times when they find themselves in difficult circumstances and sometimes, this can lead to liquidation. A lot of people think that if a company goes into liquidation then that company will cease to exist
Case Studies: Success Stories of UK Companies Rebuilding After Liquidation Read More »
The process of running an organisation and being in charge of a company is going to vary from person to person depending on the industry that they work in. The lessons that people pick up along the way are unlikely going to be universal; however, that doesn’t make any of them less prevalent. That being
Lessons Learned: Key Takeaways from Companies That Went Through Simple Liquidation Read More »
There is no denying that if your company receives a winding-up petition, this isn’t something that can just be ignored. A winding-up petition is a serious statement of intent which has been sent by a creditor and threatens to shut down your company because you have debts which are yet to be paid. If a
Exploring the Winding-Up Petition: What It Means for Your Business Read More »
Thanks to years of economic and political uncertainty brought on by the pandemic, issues with the market and general malpractice in government, it is an incredibly hard time for a variety of different businesses. It doesn’t matter whether an organisation is big or small, there are common problems which are being encountered and these are
Why Le Pain Quotidien UK Arm Falls into Insolvency Read More »
A number of different people are involved in the running of a company and the same can be said for the closing (or potential closing) of a company as well. A fundamental role in the closing of a company is that of a corporate insolvency practitioner. Insolvency practitioners are professionals who are appointed to act
The Role of Corporate Insolvency Practitioners: What You Need to Know Read More »
The Bounce Back Loan (BBL) scheme was a government-backed loan scheme introduced in 2020 to help small businesses in the UK during the turmoil of the COVID pandemic. In addition to the standard Bounce Back Loan terms, the UK government also introduced the Pay as You Grow (PAYG) options in September 2020. These options give
Many businesses face challenges, and these challenges vary depending on what market that business operates in and what the market is like currently. Usually, businesses can overcome various challenges; however, this isn’t always the case, and some organisations enter insolvency and have to go into liquidation. The question is, what do these two terms actually
The Impact of Insolvency and Liquidation on Small Businesses in the UK Read More »
There is no doubt that many businesses struggle and find themselves in hard financial times for many different reasons. Small businesses are more prone to becoming insolvent but it happens to larger organisations as well, as can be seen in the recent news that Virgin Orbit Holdings have recently filed for bankruptcy under Chapter 11.
Why Did Virgin Orbit Firm File for Bankruptcy? Read More »
There are a lot of businesses in multiple markets that find themselves going insolvent and as such having to go into liquidation. The construction industry is amongst them and is particularly vulnerable to insolvency for various reasons. These include the fact that construction projects are usually complicated and there needs to be a lot of
Insolvency and Liquidation in the UK Construction Industry: Challenges and Solutions Read More »
