Pre-pack administration v administration – what are the advantages and disadvantages?
Craig Johns, of Insolvency Experts Bolton briefly explains the processes and differences. While both of these insolvency processes are governed by the
How to Appeal a Compulsory Liquidation
If you’ve received a winding-up petition, the options available to you to stop or appeal the petition will depend on how quickly
What is a ‘CVA’?
A ‘CVA’ is a Company Voluntary Arrangement with creditors, which allows the business to pay its debts off over a fixed period
How likely are my creditors to accept some form of voluntary arrangement?
If your limited company is insolvent, it can use a Company Voluntary Arrangement (CVA) to pay creditors over a fixed period. If
What is insolvency?
If you cannot pay your debts when they become due, or if the amount you owe is greater than the value of
How can I reduce the risks of insolvency?
The key to reducing the risk of becoming insolvent is by keeping an eye on your cash flow, and ensuring your finances
How can I protect those who invest in my business?
If your business is trading as a sole trader/ partnership, it’s important to ensure that your spouse has a separate bank account,
My business is struggling – what should I do?
The earlier you seek advice, the better. The most important thing is to not bury your head in the sand. As a
My business looks as if it’s heading towards insolvency – can I take money or assets out of it before it becomes insolvent?
As the director of a company which may be close to being or actually is insolvent, you must be mindful of your
When Can A Business Ask The Court For A Winding Up Order?
Once a creditor, or a group or creditors are owed more than £750 by your business, they can request a winding up