The business of company liquidation in the UK is vast and multifaceted. One area that often gets overlooked is the solvent liquidation process. Contrary to the more widely discussed insolvency scenarios, solvent liquidation, also termed Members’ Voluntary Liquidation (MVL), is a procedure for winding up a solvent company. This article seeks to shed light on […]
Navigating the Solvent Liquidation Read More »
There have been a record number of insolvencies and liquidations recorded in the past few years. Simply put, this is one of the toughest periods for modern businesses as political uncertainty, cost of living and inflation all contribute towards multiple organisations not being able to cope in the current climate. One of the most recent
Case Study: Why DataQube Filed for Insolvency Read More »
Unfortunately, not all businesses work out, this is just a matter of fact. A lot of organisations start with the right intentions and with a good idea in mind but factors come into play that make it so that things simply do not work out. When this is the case, a company will become insolvent
Proof of Debt in Liquidation: What It Means for Creditors Read More »
If a business falls on hard times and needs to go into liquidation, directors are usually curious about whether or not they are going to be liable for any of the company’s ongoing debts, and also what their general liabilities are towards the company. This is a fair question and will discuss Liquidation’s Impact on
Liquidation Impact on Directors: Personal Liabilities and Disqualifications Read More »
There is no getting away from the fact that sometimes you, or your business, might fall on hard times. This can be for many reasons, either because you misjudged something, circumstances beyond your control or a trickle down effect of the current state of the economy as a whole. What is important is how you
Choosing the Right Insolvency Practitioner for Your Solvent Liquidation Read More »
Even in a busy and lucrative market, a lot of businesses simply do not seem to be able to find their feet and end up closing down as a result. When this happens, owners need to enter into the liquidation process and doing this can be incredibly difficult. Financial experts can help owners make informed
Realisation of Assets: Maximising Value in Liquidation Read More »
The insolvency process can be a complicated and stressful time for businesses, individuals and creditors. As such, it is important that you have a clear understanding of the whole process and some of the different factors that it entails. One of these factors is voidable transactions. If you are interested in finding out more about
Voidable Transactions in Liquidation: Unpacking Preferential Payments Read More »
No matter the size of a company or the kind of industry that they operate in, there are going to be times when they find themselves in difficult circumstances and sometimes, this can lead to liquidation. A lot of people think that if a company goes into liquidation then that company will cease to exist
Case Studies: Success Stories of UK Companies Rebuilding After Liquidation Read More »
The process of running an organisation and being in charge of a company is going to vary from person to person depending on the industry that they work in. The lessons that people pick up along the way are unlikely going to be universal; however, that doesn’t make any of them less prevalent. That being
Lessons Learned: Key Takeaways from Companies That Went Through Simple Liquidation Read More »
There is no denying that if your company receives a winding-up petition, this isn’t something that can just be ignored. A winding-up petition is a serious statement of intent which has been sent by a creditor and threatens to shut down your company because you have debts which are yet to be paid. If a
Exploring the Winding-Up Petition: What It Means for Your Business Read More »
