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The **** Com Res has estimated that the UK Insolvency Industry has helped to save nearly 2 million Jobs and businesses going through Insolvency Procedures in 2009.
The latest figures from the Insolvency Service show a 22.8% rise in Company liquidations during 2009.
We are aware from our accountant contacts that a number of their clients are under pressure from their banks and their factoring arms.
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 [...]
The Bank of England warns today that a 15% drop in house prices would push 10% of mortgage holders into negative equity.
Department of Justice figures reveal a 17% year on year increase in applications to Court for repossession. There were 27,530 applications in the first quarter of 2008.
The Bank of England yesterday decided to keep its Base Rate at 5% despite economic indicators showing rising prices.
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 [...]