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  2. Frequently Asked Questions
Women with pen in her hand thinking Frequently Asked Questions

How to Appeal a Compulsory Liquidation

- 30/08/2017

If your company is facing compulsory liquidation, you may be wondering whether there is a way that you can appeal this process.

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Women with pen in her hand thinking Frequently Asked Questions

What happens whilst my business is “in Administration”?

- 14/07/2016

Administration is an insolvency process by which a company is placed under the control of an insolvency practitioner to enable him to

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CREDITORS’ GUIDE TO FEES

How much will it cost to liquidate your business?

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What is a ‘CVA’?

- 14/07/2016

A ‘CVA’ is a Company Voluntary Arrangement with creditors, which allows the business to pay its debts off over a fixed period

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Man on two phone calls with a phone in his hand Frequently Asked Questions

How likely are my creditors to accept some form of voluntary arrangement?

- 14/07/2016

If your limited company is insolvent, it can use a Company Voluntary Arrangement (CVA) to pay creditors over a fixed period. If

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Man with his hands together on his laptop Frequently Asked Questions

What is insolvency?

- 14/07/2016

Insolvency- The Ultimate Guide In our ultimate guide to insolvency, we look into the basics of being declared insolvent and what the

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Frequently Asked Questions

How can I reduce the risks of insolvency?

- 14/07/2016

The key to reducing the risk of becoming insolvent is by keeping an eye on your cash flow, and ensuring your finances

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Women with pen in her hand thinking Frequently Asked Questions

How can I protect those who invest in my business?

- 14/07/2016

If your business is trading as a sole trader/ partnership, it’s important to ensure that your spouse has a separate bank account,

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Women with pen in her hand thinking Frequently Asked Questions

My business is struggling – what should I do?

- 14/07/2016

The earlier you seek advice, the better. The most important thing is to not bury your head in the sand. As a

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Man on two phone calls with a phone in his hand Frequently Asked Questions

My business looks as if it’s heading towards insolvency – can I take money or assets out of it before it becomes insolvent?

- 14/07/2016

As the director of a company which may be close to being or actually is insolvent, you must be mindful of your

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Two men reading something Frequently Asked Questions

When Can a Business Ask the Court for a Winding Up Order?

- 14/07/2016

Once a creditor, or a group or creditors are owed more than £750 by your business, they can request a winding up

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