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 considerable amount of stress on the directors, but it can also result in action being taken that
Read more →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 together a guide to business debt advice for directors. Where to begin with business debt advice If
Read more →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 liability is a debt that your company is responsible for, such as bank loans, outstanding invoices, finance
Read more →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 compulsory liquidation. In this article, we’re answering the question, what is compulsory liquidation? Compulsory liquidation occurs when
Read more →How to close a limited company in the UK 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 company in the UK. It might be fairly
Read more →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. In this article, we’re answering the question, what is a company voluntary arrangement? For some businesses, financial
Read more →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 businesses has been an extremely challenging period for all of those affected, and has threatened a devastating
Read more →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 loan account? A director’s loan account, or a DLA, is a record of transactions between the company
Read more →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 best outcome for your circumstances. In this blog, we’re telling you about the liquidation process. What is
Read more →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 businesses. In this article, we’re telling you all you need to know about pre-pack liquidation. Pre-pack liquidation
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