There are lots of directors out there in the UK who are looking at the possibility of liquidating their company and want to know how or if they can start again. Hopefully, this article will help them. In this article, we’ll look at what a pre-pack liquidation
Read more →Where to begin If your business has come into difficulty and you are at the point of insolvency, there might be several questions you need answering. Of course, how to formally close the business will be one, but if you wish to set up another company of
Read more →Where to begin Your business might be heading towards liquidation, and as a result, you wish to sell off your assets. However, this is not something that can be done at will; strict regulations govern the process to ensure there is no evidence of fraud or other
Read more →Where to begin A phoenix company is an informal term for a new company that has been expressly formed to continue the business of an insolvent company that has ceased to exist. So-called because the company has been reborn from the ashes of its predecessor. Provided that
Read more →Where to start One of the most common questions regarding liquidation is ‘can I be a director of a company after liquidation?’ For the most part, the answer is yes! If there has been no evidence of wrongful trading or misconduct, then the directors would not be
Read more →Where to begin If your business is facing insolvency, there are certain options available to it. It is usually preferable for the directors and shareholders themselves to enter into the liquidation process voluntarily. The alternative to this is having a winding up petition enforced upon the company
Read more →Where to begin A pre-pack liquidation is a process whereby an insolvent company’s assets and business are sold to a new company at market value. This new company is known as a phoenix company. More often than not, this phoenix company is operated by the same directors
Read more →Where to begin A pre-pack liquidation is a formal insolvency process that closes down an existing limited company. Simultaneously, a new company is formed (often referred to as a phoenix company), which purchases the old company’s assets. This new company can then begin to trade under a
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