Liquidation

Redundancy Pay

Understanding Eligibility for a Director Redundancy Payment in the United Kingdom

Most company directors are likely already aware that statutory redundancy payments are available that their employees can claim if they work for a business for at least two years. Many directors might not know that they, too, may well be able to claim for these payments as well. If your business is struggling financially and

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BT Pension Scheme

How Mini-Budget Caused ‘Full-Scale Liquidation Event’ for Pension Funds in the UK?

When Kwasi Kwarteng revealed the UK’s mini-budget back in October 2022, there was a massive dip in the value of pensions throughout the UK, which led to near enough a full-scale liquidation event. In fact, BT pensions alone had their values plummet a staggering £11billion after the mini-budget was announced. The Publishing of the BT

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Voluntary Liquidation in England

Why Did England and Wales Experience a Record Number of Voluntary Liquidations in 2022?

Navigating the economy as a business has always been challenging. This is because there are always issues beyond an organisation’s control that can affect how consumers engage with them and the value of the products and services they sell. This has always been the case, but it hit unprecedented heights in 2020 as the coronavirus

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How to Liquidate an Estate’s Securities and Real Estate in the United Kingdom?

An estate administrator has a number of different responsibilities, but one of their main roles is to liquidate (which means to distribute or sell) the assets of an estate. Such liquidation can be helpful when it comes to paying off any debts that have been racked up by the estate, as well as expenses they

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