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
Can I start insolvency proceedings myself?
With the exception of compulsory liquidation and administration via the company’s secured lender, it is you as director who can initiate insolvency
What are the options for an insolvent company?
Directors should seek advice from professionals such as ourselves as soon as they become concerned about the solvency of the business. It
What happens whilst my business is “in administration”?
Administration is an insolvency process by which a company is placed under the control of an insolvency practitioner to enable him to
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,