Category Archives: Articles

Deciding when to voluntarily liquidate your company If you feel that you no longer wish to continue running you business and you and the other directors have agreed to part, then it could be time to liquidate your company.   Disadvantages of voluntary liquidation Before you liquidate your company, it is important that you are [...]

Company voluntary liquidation If you are thinking of a company voluntary liquidation, then you need to be prepared before you decide to go ahead with it. Before you do so, you will need to analyse the situation that your company is currently in. If you are struggling with debts, then your company will be likely [...]

Services offered by insolvency practitioners Insolvency practitioners offer a wide range of insolvency services. For companies who are struggling financially, insolvency practitioners will usually offer insolvency advice and investigate a company to see whether or not liquidation is the right option.   Finding A Trustworthy Insolvency Practitioner It is important to choose an insolvency practitioner [...]

Dealing with liquidation If you are experiencing difficulties running your company or believe that it is insolvent then you must cease trading and be prepared to face liquidation.   Compulsory liquidation Compulsory liquidation occurs when the company is given a winding up order by the court.   Seeking help for liquidation The breakdown of a [...]

Advantages Of Bankruptcy Although bankruptcy can be a difficult process for those involved, there are advantages to the procedure.   Company Bankruptcy Company bankruptcy is a procedure that is undertaken by companies that are insolvent.   Disadvantages Of Bankruptcy Bankruptcy is a very difficult procedure for individuals and companies to go through and there are [...]

Causes of business insolvency There are a number of reasons why companies end following financial difficulties. One of the main reasons is poor management. Poor management can lead to a number of financial difficulties, which if not dealt with immediately, can lead to the breakdown of a company. Companies often fail to notice changes in [...]

DOES THIS SOUND LIKE YOU? “I’ve already had a consolidation loan what do I do now?” “Help – I just can’t go on like this, worried to death about debt” “Monthly bills are piling up, I just can’t afford to pay them” “People I owe money to are harassing me, calling me at home and [...]

DOES THIS SOUND LIKE YOU? “I keep having to pay my company’s debts with my personal credit card” “Our PAYE and NIC contributions are in arrears. It’s a real worry” “Our VAT is owing. The money just isn’t there to pay it” “I can’t pay our bills. Suppliers won’t wait any longer” “We’re being threatened [...]

Receiving help with tax problems Individuals or businesses with tax arrears can receive help to solve the problem. If those who owe tax ignore payments, then further complications can arise, making the situation more difficult and leading to the failure of a business. Many companies often fail as a result of being careless with tax, [...]