Creditor Pressure
9 mins 27th August 2021
Where to begin When a company falls into debt, it can cause many problems, including increasing demands from the creditors to repay what is owed. This not only places a...
Business Debt Advice: What are my options?
7 mins 27th August 2021
Business Debt Advice for directors: What are my options? Dealing with business debts can be stressful, especially when you can’t see an end to it. In this article, we’ve put...
Personally Liable For Company Debts?
4 mins 27th August 2021
As a director, will I be held personally liable for my company’s debt? Where to begin Understanding your liabilities as a director can be hard work and often confusing. A...
What is Compulsory Liquidation?
10 mins 27th August 2021
What is compulsory liquidation? There are many reasons why a business may start to struggle financially. Unfortunately, if you don’t do anything about it, you may end up entering a...
How to close a limited company in the UK
9 mins 25th August 2021
Before you start thinking about liquidation, you need to ensure that closing your business is the right decision. In this article, we’re helping you with how to close a limited...
What is a Company Voluntary Arrangement?
10 mins 25th August 2021
What is a Company Voluntary Arrangement? There can be many reasons why a company may face financial difficulties, and it’s important to deal with these in the most appropriate way....
Bounce Back Loans
8 mins 25th August 2021
Where to begin The recent global climate has had a significant impact on all aspects of our lives and none more so than the economic environment. The mandated closure of...
How does a director’s loan work?
11 mins 25th August 2021
Before entering into any insolvency proceedings, you must check your director’s loan account. In this article, we’re answering the question, how does a director’s loan work? What is a director’s...
The Liquidation Process
10 mins 25th August 2021
The Liquidation Process You likely have many questions about placing your insolvent company into liquidation, and we’re here to help. We provide director-focused professional advice to ensure you get the...
What is Pre-pack Liquidation?
6 mins 25th August 2021
What is pre-pack liquidation? Businesses can face financial pressures for many reasons. Most of the time, businesses can continue to trade through these, but that’s not the case for all...
How do I apply for a Creditors’ Voluntary Liquidation (CVL)?
3 mins 25th August 2021
Where to begin If your limited company is insolvent, then you are able to apply for a Creditors’ Voluntary Liquidation (CVL). However, before deciding on any possible course of action,...
How to avoid problems when going into liquidation
4 mins 2nd August 2021
How to avoid problems when going into liquidation Our aim at 1st Business Rescue is to provide director focused insolvency advice. Going into liquidation is a stressful time. In this...