by Paul Brindley | Feb 23, 2023 | Advice to Directors, Alternatives to formal insolvency, Ethics & Regulation, Personal Debt
Statements of Insolvency Practice (SIP) are a set of guidelines issued by the Joint Insolvency Committee (JIC), which is made up of representatives from the Insolvency Service, the Institute of Chartered Accountants in England and Wales (ICAEW), the Insolvency...
by Paul Brindley | Jan 29, 2023 | Advice to Directors, CVAs
A company voluntary arrangement (CVA) is a formal agreement between a company and its creditors to repay its debt over an extended period of time. It’s an alternative to liquidation or administration and it’s used as a way for the company to restructure...
by Paul Brindley | Jan 29, 2023 | Advice to Directors
We understand that placing your company into Administration can be an overwhelming process. That’s why you need to reach out to a Licensed Insolvency Practitioner you can trust for support and guidance. Here’s a quick overview of the steps involved in...
by Paul Brindley | Jan 29, 2023 | Advice to Directors, CVLs
The following is a summary of the steps involved in an unconnected creditor placing your company into compulsory liquidation and what happens afterwards: The company experiences financial difficulties and has trouble paying its debts. As creditors pressure mounts, a...
by Paul Brindley | Jan 28, 2023 | Advice to Directors
You may have obtained or used a Bounce Back Loan during the Coronavirus pandemic fraudulently if you used the money for anything other than helping your business financially. Continue reading to learn more about bounce back loan fraud if you are worried that you might...
