wrongful trading - Latest Articles  

1 - 11 of 11 articles   Most Popular Tags

Does your partnership need help with debt, if so consider a Partnership Administration Order
Finance:Credit - By Steve Thatcher, 95 views
A Partnership Administration Order is similar in some ways to Administration for a limited company. It is a rescue vehicle often used by larger partnerships such as accountants, solicitors and architects. Many of these are now trading as limited liability companies, but many partnerships do still exist. For those running out of cash it is certainly something to consider.

Directors Winding Up – how a director liquidates an insolvent company
Finance:Credit - By Steve Thatcher, 115 views
A directors winding up is the process which a company goes through when it is insolvent and needs to be shut down. It is also known as a CVL or creditors voluntary arrangement.

Directors Voluntary Liquidation – A Guide to the procedure.
Finance:Credit - By Steve Thatcher, 89 views
A directors voluntary liquidation, is more commonly known as a creditors voluntary liquidation, or CVL. It is a process that a director takes to close down a company which is insolvent. It is by far the most favoured route for an insolvent company to take. As many as three thousand companies a quarter now take this route, during this recession.

Directors Liquidation - how a director closes down an insolvent liquidation
Finance - By Steve Thatcher, 76 views
Directors liquidation is an alternative term for the action that a director takes to close down, or wind up his business. It can be undertaken by him in court. This is Compulsory Liquidation. More usually it is begun by calling in an insolvency practitioner, and asking him to call a meeting of creditors at which those creditors will be asked to vote to liquidate the company

Is your company facing corporate bankruptcy-here are the options
Finance - By Steve Thatcher, 54 views
Corporate bankruptcy is the term which encompasses a formal insolvency solution for a limited company. It is generally an Americanism, and the term bankruptcy in the UK refers usually to an individual, but the media, often use this form when discussing corporate failure in the UK press

This is how you shut down an insolvent Limited Company
Finance - By Steve Thatcher, 53 views
There are a number of ways to close your limited company if it is insolvent. First however you must check to see if your company is actually insolvent as without actually ascertaining that you will not be able to proceed any further. There are two basic tests. • Are your liabilities greater than your assets. • Can you pay your debts as and when they fall due.

Company Insolvency - what to look for if you think you might be insolvent
Business:Management - By Steve Thatcher, 108 views
Many companies in the UK are struggling, many may wonder if they are insolvent. Here I show a few pointers as to what to look for.

Voluntary Liquidation - a brief guide.
Finance - By Steve Thatcher, 77 views
If you think that your company is in trouble then you may need to speak to someone who is able to advise you on the effects of voluntary liquidation. It is often also called creditors voluntary liquidation or CVL, as it involves the creditors, at a meeting, voting that the company should go into liquidation.

A guidde to company insolvency procedures
Business - By Steve Thatcher, 82 views
Corporate winding up is the term sometimes given to the liquidation of a limited company, although it may equally apply to a partnership. Any town in the UK will have experts in winding up companies where the need demands, although they should look at every opportunity to save a business if at all possible.

A Guide to the Voluntary Liquidation procedure
Finance:Credit - By Steve Thatcher, 104 views
The creditors voluntary liquidation is the most popular mechanism for closing down a company that is insolvent. The latest insolvency statistics for the fourth quarter of 2008, published by the Insolvency Service shows that over 3,000 companies took the option of closing their doors this way. To put that into some kind of perspective, that was a 62% rise on the same period in 2007, which dramatically illustrates the down turn in the economy.

My Company is bust! How the credit crunch is leading to insolvency for small businesses
Finance:Insolvency - By Steve Thatcher, 56 views
This is a phrase that we hear everyday. It is uttered by businesses large and small. Every sector of the economy is now encountering problems as access to funding has dried up and the consumer spending boom ratchets back in. People who are afraid of their own debt levels, and employment prospects, decide to spend less on impulse purchases and instead consolidate their finances, by paying down debt or saving.