COMPANY INSOLVENCIES
There were 4,001 compulsory liquidations and creditors’ voluntary liquidations in total in England and Wales in the third quarter of 2008 (on a seasonally adjusted basis).  This was an increase of 10.5% on the previous quarter and an increase of 26.3% on the same period a year ago.
This was made up of 1,483 compulsory [...]

What is a Company Voluntary Arrangement (CVA)?
A company voluntary arrangement is a legal procedure, which allows the directors to retain the control of the company and also enabling them to enter into a binding agreement with the company’s creditors detailing how the company’s debts and liabilities will be dealt with under the provisions of the [...]

Company Voluntary Arrangement (CVA)  Enables the management to remain in control of the company. An agreement is made between the company and its creditors either to delay payment or reducing the payment of debts outstanding. An Insolvency Practioner will be appointed, who will review and recommend what proposals will be put to the creditors via [...]

Being a Director of a limited company in today’s economic climate can be a tricky business. Trading conditions now are as hard as they have ever been, and restrictions on availability of credit combined with lengthening delays in payment and putting cash positions under strain. As a result many companies will run into financial difficulty.
Directors [...]

How a Pre-pack Administration can save a business.
If you have a business that is facing great creditor pressure, including court summonses or statutory demands or visits from bailiffs, then it is possible to save a decent business (but not the Limited company shell) by selling that business to a “newco” possibly set up by the [...]