Insolvency vs bankruptcy: What’s the difference?
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Insolvency vs bankruptcy: What’s the difference?
Insolvency vs bankruptcy: What's the difference? The terms insolvency and bankruptcy are often confused. The more commonly known phrase, bankruptcy, is frequently misused to describe financial situations that it does not accurately represent. Whereas insolvency is a phrase that...
Read moreThe Latest Corporate Insolvency Statistics by Industry
The Latest Corporate Insolvency Statistics by Industry Following on from my article published on the 11th of this month, in relation to the number of corporate insolvencies, which showed an approximate drop of 35% in the 6 months post-Covid compared...
Read moreThe Latest Corporate Insolvency Statistics – Monthly to September 2020 Comparing post-covid to pre-covid
The Latest Corporate Insolvency Statistics - Monthly to September 2020 Comparing post-covid to pre-covid The Insolvency Service have released the latest insolvency statistics which show the monthly corporate insolvencies for England and Wales and it makes for interesting reading. If...
Read moreMVL’s – Overdrawn Loans to remain unpaid…
MVL’s – Overdrawn Loans to remain unpaid… Recent clarity of rules from HMRC has resulted in great news for shareholders looking to take out their capital cash balances in solvent liquidations as HMRC have now confirmed that overdrawn loan accounts...
Read moreHMRC’s Proposed Preferential Status to hit bank debt clients…
HMRC’s Proposed Preferential Status to hit bank debt clients… Despite widespread objections from the Insolvency profession, the government is intent on going ahead with plans to once again make a number of HMRC’S claims, rank preferentially, leaving many concerned that...
Read moreShould You Go Into A CVA?
Should You Go Into A CVA? As my last article touched on the high failure rates of CVA’s, it would be fair to assume that you may believe that I am against the process completely. However, whilst I am not...
Read moreCVA FAILURES – Causes & Solutions
CVA FAILURES – Causes & Solutions Despite the CVA process not having changed much for years, CVA’s are still very popular as an insolvency process for allowing an insolvent business to continue to trade whilst also buying time with creditors....
Read moreSolvent Liquidations
Solvent Liquidations – Pricing & Immediate Distributions Due to the huge interest we received at AAT’s Annual Conference, where our solvent liquidation pricing and process was given a lot of praise, this month’s headline article summarises solvent liquidations (MVL’s). What are...
Read moreAAT Annual Weekender 2015
AAT Annual Conference 2015 - Insolvency Practitioner Last week was a busy one for Bridge Newland, after having exhibited at AAT's Annual Conference 2015 and as Insolvency Practitioners in the world of tax, accounting compliance and software I can certainly say...
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