Ashlyn Henry

Advantages and disadvantages of a company voluntary liquidation

A company voluntary liquidation offers advantages and disadvantages. It is important that company directors consider the pros and cons of liquidating a company before entering the process. Whilst the process may feel like the best option, there may be alt... Read >

Causes of bankruptcy

Bankruptcy can affect companies and individuals and is a difficult process for those involved. Company bankruptcy often occurs when a company fails to recognise the signs that it is struggling financially. If a company fails to keep up with payments, then... Read >

Alternatives to bankruptcy

Before undertaking the bankruptcy procedure, it is important that companies or individuals consider other options that may be available. Taking an alternative option is particularly vital to companies as it may help to save the business. If a company or i... Read >

Aftermath of a company voluntary liquidation

Whilst liquidation may seem like an ideal process for company directors who wish to bring the business to an end, the procedure can affect the future of all those involved, particularly if the company experienced problems during the procedure. If the comp... Read >

Alternatives to company voluntary liquidation

There are a number of alternatives available to companies that will allow them to avoid going through liquidation. These alternatives are ideal for companies that wish to find a procedure that enables them to comfortably pay off debts, whilst getting the ... Read >

Advantages and disadvantages of liquidation

Whilst liquidation can be a difficult process for some companies, there are some advantages to the process. One of the main advantages is that all those involved in the company will be able to move forward once the process is finished. Companies that ente... Read >

Cause of tax arrears

There are a number of reasons why tax arrears arise. One cause is that businesses often end up getting tax bills that are not paid or are ignored as a result of poor management, either due to the business being small or the company owners lacking the expe... Read >

Business insolvency

Business insolvency is when a company is unable to pay off debts. Companies that are insolvent may end up going through procedures such as liquidation or bankruptcy. If a company cannot find a solution to its debt problems or is too in debt to find an alt... Read >

Business debt

Business debt can lead to a company experiencing severe financial difficulties, which can lead to procedures such as liquidation and bankruptcy. These procedures can either be voluntarily or occur as a result of a creditor taking action. Creditors that ta... Read >

Avoiding tax arrears

There are a number of steps that individuals and companies can take in order to avoid tax arrears. One solution is to simply pay any tax that is due. If the payments are correct and the individual or company are not being charged too much tax, then simply... Read >

How the liquidation process works

The liquidation process may vary depending on the type of liquidation procedure that the company is undertaking. If a company is liquidating voluntarily, then it will either undertake a Members Voluntary Liquidation (MVL) or a Creditors Voluntary Liquidat... Read >

How liquidation affects the company

Liquidation can be a difficult process for some companies. How companies deal with liquidation can depend on how severe the company's financial difficulties are and what other problems the company may have. Once a company enters liquidation, the company d... Read >

Alternatives to liquidation

There are many alternative routes that companies can take in order to avoid liquidation. By looking at other options available, companies can increase their chances of getting the business back on its feet whilst paying off debts. The company's financial ... Read >

Compulsory liquidation in companies

Compulsory liquidation can occur as a result of the company being insolvent. The process will take place when a creditor has still not received the payments owed after previously attempting to collect payments from the company. In this case, the company m... Read >

Why companies should use an insolvency practitioner

When a company or individual declares themselves bankrupt, they will require the services of an insolvency practitioner in order for the process to be completed properly. In order to offer services for companies and individuals facing bankruptcy, an insol... Read >