Company Strike Off or Liquidation: What’s the difference? So you’ve decided to close your limited company, but how do you know which option is the most suitable for you? You might choose a company strike-off or liquidation, and we’re here to explain the differences. Closing your limited
Read more →Can I liquidate my company and start again? For many business owners, the financial pressures of the last few years still impact their business strategies. For some, they may even be getting worse due to rising costs of living, materials and other services. Due to this, many
Read more →Will you have to pay your BBL back if you liquidate? During the pandemic, many business owners took out bounce-back loans. These loans came at a time of great uncertainty, providing some protection for struggling businesses. Unfortunately, many businesses have still not bounced back and are therefore
Read more →What happens to a director of a company in liquidation? If you find yourself in the unfortunate position of your limited company facing insolvency, it can be a very uncertain and stressful time. In this article, we’ll look at exactly what happens to a director of a
Read more →What is an insolvency practitioner? If your limited company is struggling right now and may have to close down, you will come into contact with an insolvency practitioner. But what is an insolvency practitioner? In this article, we’ll explain exactly what they do and how they can
Read more →If you’re considering closing your company, you are probably worried about whether you could be held personally liable for your company’s debt. One of our team at 1st Business Rescue can help you understand the situation you’re facing and let you know what you may or may
Read more →Can you strike off a company with debts? We often get asked this question: ‘can I strike a company off that has debts?’ This question often comes from directors who are struggling to keep their businesses afloat. Like many questions about liquidation and company closure, the answer
Read more →What is bounce-back loan fraud and what will happen to me? The UK Government introduced the bounce-back loan scheme at a time when many business owners were in need. The pandemic led to high levels of uncertainty and a lot of worry for directors. Providing you applied
Read more →What is a winding-up petition? Are you struggling to pay your debts when they fall due? Perhaps you have been struggling for a while and are expecting a winding-up petition. The good news is that there are usually other options before it gets to that. In this
Read more →What happens to a director’s loan account in liquidation? Firstly, if you are reading this article and are worried that you have a director’s loan, we don’t want you to panic. There are many directors in the same position. What’s more, you have options even if your
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