If an employer enters into insolvency then it is understandably an extremely anxious and worrying time for the employees. Thankfully, there are special arrangements for employees who are dismissed as a result of the insolvency of their employer. The National…
Anyone looking to buy an insolvent company will have to tread carefully. The fact that your business has entered into administration or liquidation means there are severe financial problems that need to be resolved. There might be pressure from creditors…
A County Court Judgement against a limited company is essentially a court order, issued by a county court, that enforces the payment of a debt. If a creditor has taken reasonable steps to recover a debt, they may then apply for…
Business rescue is on the rise. Official Insolvency Service statistics for the third quarter of 2014 show a reduction in corporate insolvencies and an encouraging increase in business rescue procedures. What does this mean for your business? Well, if your…
What are the warning signs of insolvency? It’s important to know them because directors who continue to trade while insolvent risk fines, being made personally responsible for company debts, or even a potential disqualification from directorship, as a result. One…
In previous posts we have discussed the growing problem of late payments and the knock-on effect on cash-flow management in small and medium-sized enterprises. With the value of unpaid invoices in the UK currently in excess of £40bn, what, if…
The prompt payment code, explained. The problem of late payment has been widely publicised in the last few months, with an increasing number of small and medium-sized enterprises (SMEs) struggling to make ends meet. Despite government guidance that encourages small…
Here are some common business insolvency problems and potential options that may be applied as company rescue solutions. From finance to negotiating time to pay arrangements with creditors, this article will explore the options available to you. That said, if…
The county court judgement if ignored or not paid can be used as evidence of company insolvency in that the company cannot pay its bills. The inability to pay your bills is a key indicator of company insolvency and any…
“Have You Been Mis-Sold an Interest Rate Swap Agreement by the Bank? Start your Claim Now to See if You Can Get Compensation” Where You Sold a Commercial Loan Between 2001 to 2011 Where Interest Rates Fell? Was Your Business…
