by Paul Brindley | Jul 8, 2026 | Creditor, Supplier and Employee Issues
When directors first see a company’s estimated insolvency position, they often make a perfectly understandable assumption: “The company has £200,000 of assets and owes £300,000, so creditors should receive about 67p in the pound.” Sadly, it rarely works like that. ...
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...
