by Paul Brindley | Apr 17, 2023 | Advice to Directors, Alternatives to formal insolvency, CVLs, Director Disqualification, Ethics & Regulation
If you are owed a lot of money by a company that just will not pay, this article covers one route that you might like to think about taking… One of your options might be for you to enforce a judgment against the debtor directors’ own pension pot(s). And...
by Paul Brindley | Apr 16, 2023 | Administration, Advice to Directors, CVLs, Ethics & Regulation
Having worked in insolvency for a good many years, I understand that navigating the insolvency landscape can be daunting for directors, particularly during these challenging times. With the introduction of new legislation during the pandemic, such as the Corporate...
by Paul Brindley | Mar 25, 2023 | Administration, CVLs, Director Disqualification
If you are involved in an insolvency process, you may have the opportunity to join a committee of creditors to assist the insolvency practitioner in fulfilling their duties. This committee may be called a liquidation committee or a creditors’ committee,...
by Paul Brindley | Mar 11, 2023 | CVLs
When a company can no longer pay its debts and enters into an insolvent liquidation, there’s a set order in which creditors are paid out. That order is set out in the Insolvency Act 1986, which determines which group of creditors is paid first. The priority of...
by Paul Brindley | Mar 10, 2023 | CVLs
A winding-up petition is a legal document that a company’s creditors can use as a last resort to recover money owed to them. If a creditor is owed at least £750, they have the right to go to court and request a winding-up petition. The process involves several...
