How do you Liquidate a Registered Charity?
There are many reasons why a charity may be liquidated, such as financial difficulties, mismanagement, or criminal activity. There are many reasons why a charity may be liquidated, such as financial…
When is the right time to tell staff your company is insolvent?
Knowing when to inform your staff that your company is insolvent is a delicate matter that requires careful consideration. Transparency and open communication are crucial, but it is essential to…
Understanding Antecedent Transactions
Antecedent transactions are specific types of transactions that were made prior to a company entering formal insolvency proceedings such as liquidation. These transactions, carrying the potential for fraudulent or preferential…
Corporate Restructuring & Administration
Business restructuring is a crucial process that many companies undergo at some point in their lifecycle. It involves making significant changes to an organisation’s structure, operations, or financial model in…
What is an Insolvency Notice?
An Insolvency notice is a formal publication of certain insolvency events, theses are a legal requirement of the Insolvency Act and the Insolvency Rules 1986. Insolvency notices are published in…
Free Insolvency Advice for my Limited Company?
Free insolvency advice can be a valuable resource for directors of limited companies and businesses facing financial difficulties. In this situation, it is important to seek out expert advice as…
How are employees affected in a CVA?
In a Company Voluntary Arrangement (CVA), employees may be affected in a number of ways. One of the most significant ways is through potential job losses. If a company is…
What is deemed a business asset in an insolvency procedure
In an insolvency procedure an asset can simply be described as resources or an item of value which is owned by a company. Business assets are those that are used by…
How to buy businesses in administration or liquidation
The process of buying businesses in administration can be complex, but there are a few key things to keep in mind. First, it’s important to research the business carefully. This…
What Happens if my Limited Company goes into Receivership?
Receivership, was formally known as administrative receivership, this type of legal process is whereby a receiver is appointed by a floating charge holder such as a bank or other lender.…