Frequently Asked Questions
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
Frequently Asked Questions
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
Frequently Asked Questions
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
Frequently Asked Questions
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,
Frequently Asked Questions
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
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?
As the director of a company which may be close to being or actually is insolvent, you must be mindful of your
Frequently Asked Questions
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
Frequently Asked Questions
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
Frequently Asked Questions
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
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Our Costs
At the Insolvency Experts we think that our service offers excellent value for money. Depending on your circumstances, our services can even end up being effectively free of charge.
