This is the Creditors’ Voluntary Liquidation News section
On this page, you will find news what’s happening in the area of Creditors’ Voluntary Liquidations.
In the meantime, if you need our help and advice in any of our specialist insolvency areas, please contact us or call 0208 088 0633, for a FREE initial discussion.
Can Directors Loan Accounts be Reclassified as remuneration in Administration or Liquidation?
Posted 13th March 2023 by Craig in
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 MoreLocal builders using Personal Guarantee Insurance to insure against business failure hits new high.
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 MoreIs ignorance bliss? Why it is important for directors to document their actions if concerned they are insolvent.
Posted 27th February 2023 by Craig in
It is important for directors to document their actions at insolvency.
Directors must comply with their duties as stated in the Companies Act 2006. Failure to do so can have serious consequences.
Read MoreDependency on benefits in UK hits an all-time high, whilst insolvencies in December 2022 were 32% higher than December 2021 and 76% higher than pre-pandemic.
Posted 7th February 2023 by Craig in
Insolvencies in December 2022 were 32% higher than December 2021 and 76% higher than pre-pandemic.
Antony Batty, Licensed Insolvency Practitioner comments on these figures which have their roots in the Pandemic.
Read More