This is the Insolvency News section
On this page, you will find news about all things insolvency.
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What are the Advantages of a Creditors Voluntary Liquidation (“CVL”)?
Posted 31st May 2023 by Craig in
What are the Advantages of a Creditors Voluntary Liquidation (“CVL”)?
There is more to a CVL than the removal of creditor pressure, the prevention of legal action and the clearing of unsecured debt. Plus, a CVL does not necessarily mean a director will never work again.
Read MoreWhy you should do a check before you choose your Business’s suppliers
Posted 2nd May 2023 by Craig in
Why you should do a check before you choose your Business’s suppliers.
Conduct checks before entering into a business relationship and in so doing, HELP avoid doing business with an entity that may be facing Insolvency.
Read MoreFines, prison sentences and Director Disqualification for directors who abused the Bounce Back Loan Scheme
Posted 24th April 2023 by Craig in
Director Disqualification, fines and prison sentences for directors who abused the Bounce Back Loan Scheme
Licensed insolvency practitioner Antony Batty advises directors to take early, formal advice if they are struggling to repay a BBL.
Read MoreDirectors be Vigilant! The additional tax charge for an un-repaid Director’s Loan Account is 33.75%
Posted 24th April 2023 by Craig in
Directors be Vigilant! The additional tax charge for an un-repaid Director’s Loan Account is 33.75%
Understanding a Director’s Loan Account and your Liabilities, pre and post liquidation is vital.
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