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My company has been served with a statutory demand, what should I do?

If your company has been served with a statutory demand, it is essential to act swiftly. Failure to respond within…
1 year ago
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How do I remove charges and restrictions where the lending company has been dissolved?

Upon lending company dissolution, if there are any property or rights to which the lending company is entitled……
4 years ago
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Director disqualifications in 2022

Director disqualification related to dissolved companies is not new, but in 2022 there was greater risk of it….
4 years ago
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Employees’ rights in insolvency

When a company is insolvent, the directors of a company are under a duty to protect the interests of the…
4 years ago
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Directors’ duties in insolvency

When a company is insolvent, the directors of a company are under a duty to protect the interests of the…
4 years ago
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Buying assets and business from an insolvent company

You can buy assets from an insolvent company, but the process is slightly different to acquiring assets of a solvent…
4 years ago
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Creditors’ Voluntary Liquidation | What is it and how does it apply to me?

Under a Creditors’ Voluntary Liquidation, the shareholders of a company themselves resolve to wind-up the company and then an insolvency…
4 years ago
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Members’ Voluntary Liquidation | What is it and how does it apply to me?

Under a Members’ Voluntary Liquidation, the shareholders of a company themselves resolve to wind-up the company with an insolvency practitioner…
4 years ago
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Options available for company during financial difficulties

It is useful for directors to have a general understanding of the options available to a company that is experiencing…
4 years ago
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What is liquidation?

Liquidation is the process where an insolvency practitioner takes control of a company to distribute its assets to its creditors……
4 years ago
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What is administration?

Administration is the process whereby an insolvency practitioner is appointed to formally take control of an insolvent company….
4 years ago
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“Payment in Full and Final Settlement” – Creditors beware

You should take caution in accepting part payment of money owed by a debtor particularly if the sum is offered…
6 years ago