by Paul Brindley | Jan 20, 2023 | Administration, Advice to Directors
Statement of Insolvency Practice (SIP) 13 and 16 are two codes of practice issued by the Insolvency Regulators in the United Kingdom to provide guidance on the conduct of pre-packaged sales (pre-packs) of companies in financial distress. SIP 13 sets out the principles...
by Paul Brindley | Jan 20, 2023 | Administration, Advice to Directors
A pre-pack is a process in which a company’s assets and operations are sold to a new owner shortly before or after the company enters into insolvency or bankruptcy. The main advantage of a pre-pack is that it allows a company to continue operating while shedding...
by Paul Brindley | May 16, 2020 | Administration, Advice to Directors, CVLs
Some questions and answers to explain phoenixism… Introduction Phoenixism has a bad reputation in the minds of people who have never gone through it as an owner / manager of a business which has been owed money by a company that’s done it. But a bit like going to the...
by Paul Brindley | Feb 17, 2020 | Advice to Directors, CVLs
Liquidating your company is one of the biggest decisions you will make in your life, so it’s important you feel as comfortable as you can be under the circumstances with the decision even though it’s probably very alien to you. We have written this blog to give you...
