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 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 →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 →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 →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
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 →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 →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
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