What Are the Steps Involved in Winding Up a Company?
There are two ways of voluntarily winding up a company; either through a Creditors Voluntary Liquidation (CVL) if the company is insolvent, or a Members
What Does It Mean When a Company Goes into Voluntary Administration?
Seeing the term ‘company administration’ in the press and hearing it in the news has certainly not been an uncommon occurrence in recent months. Indeed,
What is Business Asset Disposal Relief and How Often Does it Work?
When solvent companies are being closed through a Members’ Voluntary Liquidation (MVL) process, the directors are able to claim back money through the Business Asset
What Are the Provisions for Voluntarily Winding Up a Company?
Whether the company is solvent or insolvent, sometimes the only option available to directors is to enter a voluntary winding up process to close the
Why Should You Seek the Services of an Insolvency Practitioner?
A licensed insolvency practitioner, or IP, is a legal professional that is qualified and registered to act on behalf of a company, partnership or individual
What is a Creditors’ Liquidation Meeting and What Does it Mean for your Business?
With any voluntary or compulsory liquidation process for an insolvent company that’s being chased by creditors, the liquidator will call a creditors’ meeting. Once it
What’s the Purpose of Insolvency and Bankruptcy Law?
Different countries worldwide have their own insolvency and bankruptcy law but they don’t differ that much from the UK’s legal rules in respect of insolvency
Insolvency Practitioner and Business Recovery Professionals
Currently, there are approximately 1,600 licensed insolvency practitioners (IPs) licensed and registered in the UK. The majority of IPs work for legal or accountancy firms,
How Creditors Voluntary Liquidation Works and the Effect on the Business?
When a business is suffering from debts they cannot honour and creditors are demanding payment, the directors of the business are often in the position
Business Recovery and Insolvency Practitioner of the UK
There are about 1,600 licensed insolvency practitioners (IPs) in the UK; that doesn’t include the support staff in the background that assist the UK’s IP
