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
Read more →Bounce back loans were made available when many businesses required support. For some, the loan allowed the business to continue. But for others, the business is no longer making money. Many directors have been advised to strike off their limited companies. In this article, we’re answering the
Read more →If I liquidate my company will I lose my home? If you are thinking about liquidating your business then you are probably also wondering what are the risks to you and your family personally if you decide to liquidate your company. With business insolvency figures rising month
Read more →Why You Should Be Wary Of Cheap Liquidation Costs It’s natural for people to shop around for the best deal in any given situation, but when it comes to placing your company into liquidation, you need to be very wary about going with the cheapest quote you
Read more →What happens if I can’t afford to liquidate my company? Knowing when it’s time to close your company takes courage. If you’re wondering what happens if I can’t afford to liquidate my company, then it’s likely that you’re struggling financially. We’re here to help you and provide
Read more →Does Liquidation Affect My Credit Rating? Since the pandemic, many directors have had to make the tough decision to close their limited companies. Liquidation and company closure can be a minefield, and it’s often the same questions that get asked. For example, one common question is: does
Read more →What happens if I can’t pay my tax bill? You might struggle to pay HMRC for several reasons. In this article, we’re answering the question – what happens if I can’t pay my tax bill? Businesses have faced many challenges over the last few years. Due to
Read more →Personal liability for bounce back loans Personal liability for bounce back loans is a subject that comes up with many business owners that we speak to. Over 1.5 million Bounce Back Loans were taken, but not every business has ‘bounced back’. In this article, we’re looking into
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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
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