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 22, 2023 | Advice to Directors, CVLs
Liquidation is a process that is used as a last resort for organisations that have become insolvent, which means that they are no longer able to pay off their debts. This can happen to non-profit charities just as much as it can happen to profit-driven companies....
by Paul Brindley | Jan 21, 2023 | Administration, Advice to Directors, CVLs, Director Disqualification, Upsettable Transactions
Balance sheet insolvency occurs when a company’s liabilities exceed its assets. In this situation, the company may be unable to continue trading and may need to enter into a formal insolvency process, such as administration or liquidation. One of the key...
by Paul Brindley | Jan 17, 2023 | Advice to Directors, CVLs
A day doesn’t go past without our receiving a call from a director desperate for advice on what to do with their insolvent company. In many instances, there is no viable business left to save and the cupboard is well and truly bare – there are either no...
by Paul Brindley | Nov 15, 2022 | CVLs, Ethics & Regulation
Here is a link to an excellent article by Stevens & Bolton, lawyers, on the restriction on the re-use of company names post liquidation – click here. To reinforce the importance of following the rules, in the case reported by S&B, PSV 1982 Limited v...
