Creditor pressure on struggling businesses
When the economic outlook darkens, suppliers and service providers know that credit risks increase and the prospect of bad debts hitting their […]
What is a Shadow Director and what are the legal implications
The concept of a ‘Shadow Director’ is generally only relevant when a Company is financially threatened and most often when it goes […]
What is a transaction at an undervalue?
When a Company is heading towards insolvency, the Directors’ duty to put shareholders’ interests first is replaced by an obligation to prioritise […]
What do we mean by “insolvency”?
Insolvency is a term that has been bandied around a lot in the media recently as high-profile insolvency cases, such as The […]
The personal risks from business debt
The long-held belief that a limited liability company will remove all business liabilities from its owners and directors is, in today’s world, […]
Are business rescues on the rise in 2024?
Last year saw a record number of business failures, eclipsing the previous high at the peak of the global financial crisis in […]
Dealing with creditor enforcement action against your business
Whether the problem is a temporary cash flow blip or a more fundamental issue with financial resources, falling behind with payments to […]
Don’t just CVL your business, rescue it with an Administration
The Insolvency Service statistics for different types of insolvency procedure tell a stark story of the relentless move towards Creditors Voluntary Liquidations […]