Category: Guides

When Labour came to power in 1997, it was to the booming sound of D:Ream. Things can only get better. Now, Keir Starmer and the Labour leadership repeat at every opportunity that “things will get worse before they get better,” and those with the “broadest shoulders” will have to bear the brunt of the tax…

This article looks at the costs of a Creditors Voluntary Liquidation – where directors choose to liquidate a company which cannot pay its debts, rather than Compulsory Liquidations (where a creditor forces a company into liquidation through court action) or solvent liquidations (also known as Members Voluntary Liquidations or MVLs).

What is a Creditors’ Voluntary Liquidation (CVL)?

An insolvency process is a serious step to take, and a stressful thing to contemplate. But if you take advice early, your range of options will be much greater, as will the chances of rescuing your business. Insolvency procedures fall into two broad categories. They are either designed to protect the business and allow it…

We explain below some of the steps you should consider to deal with cash flow pressure. Contact us for an in-confidence discussion about your situation to find out how we can help.

Where redundancies are contemplated and the following criteria are met, the Redundancy Payments Service (RPS) will agree to make the payments on the employer’s behalf subject to having first agreed on a repayment plan for the aggregate liability.

Our Contentious Insolvency Team specialises in pursuing recoveries in such situations. It offers the speed of action and experience that are essential in these cases.

Members’ Voluntary (Solvent) Liquidations have recently become heavily commoditised products and volume providers are increasingly offering ‘budget’ solutions, sacrificing quality for a low price offering. 

Insolvent Estates: what you need to know When somebody dies, a family member usually becomes a Personal Representative (PR) and will instruct a solicitor to deal with probate issues and the administration of the estate. Many estates are simple to administer but problems occur when the estate is found to be insolvent, which isn’t always…