by Paul Brindley | Apr 2, 2025 | Advice to Directors, Alternatives to formal insolvency, CVLs, Ethics & Regulation
A message to accountants and business advisers When directors reach the end of the road with their limited company, they’re often under immense financial and emotional pressure. There are debts. No meaningful assets. No clear way forward. And in far too many cases,...
by Paul Brindley | Jan 29, 2025 | Advice to Directors, Alternatives to formal insolvency, CVLs, Upsettable Transactions
Legal Restriction on Using a Similar Name Section 216 of the Insolvency Act 1986 (IA) prohibits the use of the same or a similar name of a company that has entered insolvent liquidation. Directors who breach this rule by promoting, forming, or managing a company with...
by Paul Brindley | Jun 9, 2024 | CVLs
When a company faces financial difficulties, one of the most common routes to resolution is a Creditors’ Voluntary Liquidation (CVL). This process can seem daunting and complex, but by comparing it to the familiar task of cleaning up after a big party, we can...
by Paul Brindley | Jul 23, 2023 | Administration, Advice to Directors, CVAs, CVLs
Have you ever wondered what happens to the funds raised by Insolvency Practitioners once they step in as Administrators or Liquidators? It’s a bit of a mystery for those outside the insolvency profession, and it can lead to misunderstandings and frustration for...
by Paul Brindley | Jul 12, 2023 | Administration, Advice to Directors, CVLs
Insolvency is a complex topic. A deeper understanding of insolvency is crucial for accountants and other professionals who ‘touch’ insolvency and those directors of companies who have to decide which insolvency route to take. In this blog I will summarise...
