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Pre pack administration: Pros and cons
Pre pack administration: Pros and cons Pre pack administration is the process that businesses facing financial difficulty can enter into to close their insolvent business and complete a packaged sale of their business or assets. It includes the sale...
Read moreAre liquidation fees tax-deductible?
Are liquidation fees tax-deductible? If you're closing your company, you’re probably facing a long to-do list, some tough decisions and a few questions about how it all works. Especially when it comes to costs. One question we hear a...
Read moreWho regulates Insolvency Practitioners?
Who regulates Insolvency Practitioners? If you are experiencing financial worries, you may end up speaking to an Insolvency Practitioner. These are professionals who help manage everything once a business has become insolvent to ensure all actions are fair and legal....
Read moreSolvent vs insolvent: What’s the difference?
Solvent vs insolvent: What's the difference? When it comes to finances, you may have heard the phrases solvent and insolvent. While they sound similar, they both have very different meanings, and understanding the differences between these two financial terms can...
Read moreUnderstanding the liquidation process
Understanding the liquidation process When a company can no longer financially continue to operate, it may need to go into liquidation. While this might be a common term that many people have heard of, there’s often a lot of...
Read moreLiquidation vs dissolution: Understanding the key differences
Liquidation vs dissolution: Understanding the key differences If your business is facing financial troubles and has become insolvent, you may be looking at the options that are available to you. It can be a challenging and confusing time to...
Read moreLiquidation letter to employees: What to include
Liquidation letter to employees: What to include If your business is facing liquidation, it can be a worrying time. This is particularly true for employees, as the uncertainty can leave them feeling anxious and unclear about the future. They will...
Read moreInsolvency vs illiquidity: What sets them apart?
Insolvency vs illiquidity: What sets them apart? Insolvency and illiquidity are two terms that are often used to describe a business that is experiencing cash flow problems or operational inefficiencies. However, both have very different meanings, which we will explore...
Read moreAdministration vs receivership: Understanding the difference
Administration vs Receivership: Understanding the difference When a business faces financial issues and struggles to fulfil its financial obligations, such as paying its debts on time and covering its wages bill, it may be considered to be insolvent, which...
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