Are you entitled to director redundancy pay?
8 mins 9th July 2021
Are you entitled to director redundancy pay? Deciding to close your limited company can be a stressful time, especially if you’re also dealing with financial issues and creditor pressure. You...
What’s an MVL?
5 mins 1st July 2021
What’s an MVL and why would I need to use one? Before deciding to close your company, you should speak to a licensed insolvency practitioner. They can assess your company’s...
What happens if you don’t pay bounce back loan?
12 mins 24th June 2021
What happens if you don’t pay bounce back loan? The first thing to remember if you believe you can’t pay back your bounce-back loan is not to panic. We support...
GOVERNMENT EXTENDS BAN ON COMMERCIAL EVICTIONS!
1 mins 17th June 2021
GOVERNMENT EXTENDS BAN ON COMMERCIAL EVICTIONS! A commercial lease moratorium was extended by another 9 months yesterday meaning landlords can not evict tenants out of their premises until at least...
Here is when you could be made personally liable in a liquidation.
2 mins 7th June 2021
Here is when you could be made personally liable in a liquidation If you’re a director who has spent their Bounce Back Loan on living costs then watch this video....
What’s the difference between liquidation and bankruptcy?
5 mins 21st May 2021
At 1st Business Rescue, we understand that insolvency can be challenging to understand. There are many elements to think about during an already stressful time. In this blog, we’re answering...
Understanding Directors’ Responsibilities
2 mins 7th May 2021
As soon as your company becomes insolvent or maybe in the future you must be aware that your responsibilities change as a director. You’re no longer working on behalf of...
The cheapest way to close your ltd company
6 mins 22nd March 2021
As a business owner thinking about closing a limited company, it’s completely expected that you’d want to look for the cheapest option. After all, your company may already be struggling...