This is the Administrations News section
On this page, you will find news and comment about what is happening in the area of administrations.
Posted 27th November 2023 by Craig in
What can Directors do if they receive a Winding Up Petition?
In this article, we look at the processes involved in a Winding Up Petition being served and what happens when one is. The key thing is to take professional advice and then take swift action.Read More
Posted 12th June 2023 by Craig in
What measures can creditors take against a business? How should directors respond?
Creditor pressure is often one of the first signs of financial difficulty encountered by businesses. If not addressed and action is not taken, such pressure can often be the start of a downward spiral that can be highly stressful.Read More
Can Directors Loan Accounts be Reclassified as remuneration in Administration or Liquidation?
In a recent High Court case, the answer was no and that attempting to do so could lead to penalties for the directors.Read More
Posted 6th March 2023 by Craig in
Local builders using Personal Guarantee Insurance to insure against business failure hits new high.
What happens to Personal Guarantees when a business becomes insolvent? How can Insolvency Practitioners help?Read More