How to Overcome Financial Loss Issues with a Reliable Insolvency Company
Businesses in the UK are battling the onset of the Omicron coronavirus variant which threatens recovery across the UK, due to the re-introduction of restrictions,
How Does Bankruptcy Impact Your Credit Profile?
No one likes to be in debt and any type of debt will affect your credit rating. Declaring bankruptcy is often considered the last resort
How to Close an Insolvent Company with Debts and No Assets
When an insolvent company is liquidated and closed down, its assets are sold to raise the necessary funds to pay back the company’s creditors. Whilst
Is My Business Eligible for the Recovery Loan Scheme?
In April 2021, the government launched a new loan scheme to help businesses recover from Covid-19. In partnership with a number of financial institutions, the
Why Are Creditors’ Voluntary Liquidations So Popular in Town?
After two years of the coronavirus pandemic (and there doesn’t seem to be much relief from it as we head into winter), retailers, small businesses,
How Insolvency Practitioners Return Insolvent Companies to Solvency?
Just because your business is currently insolvent doesn’t mean that it can’t be rescued and returned to a solvent company. Part of an insolvency practitioner’s
Important Tips to Get Out of Debt in 2021
Debt; none of us like it but over the past 18 months it’s become a necessary evil to surviving the Covid-19 pandemic. According to the
A Practical Guide to Restructuring and Corporate Recovery in the UK
Perhaps surprisingly, considering the country’s business sector forced into lockdown situations and taking the Government’s hand of financial support, the number of insolvencies to date
Individual Voluntary Arrangements – Selling Assets to Pay Off or Clear Debts
If you have debts, chances are you are now being chased by your creditors for payment. If you are considered insolvent and unable to pay
What Happens When a Corporation is Unable to Pay its Debts?
Predominantly due to the impact of the Covid-19 pandemic, Creditors’ Voluntary Liquidations (CVLs) are on the up. In August 2021, there were a total of
