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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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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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