Articles

Articles

What Happens to Directors During Company Liquidation

When your business is going through the liquidation process, your new responsibility as a director will be to assist the insolvency practitioner in the process....

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What is a Declaration of Solvency

A declaration of solvency is a formal statement made by a company’s director(s) to confirm that the company is solvent, allowing it to proceed with...

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What is a Distribution in Specie?

A distribution in specie refers to the direct transfer of company assets in their physical form, rather than converting those assets into cash before distribution....

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Can a Company Still Trade if it is Insolvent?

If your company is facing insolvency or liquidation, you cannot continue trading. As a director, once you have decided to enter into liquidation, you must...

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How Much Does It Cost to Liquidate a Company?

The cost of liquidating a company usually varies depending on the type of liquidation required, the size and complexity of the company, and the assets...

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What Happens to Employees in Liquidation

When a company goes into liquidation, the employees are typically made redundant immediately. These employees then become preferential creditors for most of the amounts owed...

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Personal Guarantees and Invoice Finance

When exploring invoice finance options, it’s crucial to grasp the role personal guarantees play in the process. Unlike some other financing avenues such as loans...

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Negotiating with Creditors and Stakeholders

The blog outlines steps for realistic financial forecasting, identifying potential creditor concessions, and executing a coordinated negotiation strategy. It stresses the importance of realistic repayment...

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Feeling Creditor Pressure?

This blog discusses how to recognise when a company is under creditor pressure to repay debts. Signs include legal threats from creditors, engagement of debt...

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What are Personal Guarantees & their Implications?

This blog explains Personal Guarantees (PGs) where directors personally ensure company debts. It highlights PGs as lender protection, enabling SMEs to secure finance.

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