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Phoenix Company Liquidation Explained
Phoenix Company Liquidation Explained If a company needs to be placed into Liquidation because it is considered insolvent but the business owners or Directors of the Company wish continue trading in some form and buy back the company’s assets then...
Read moreTo avoid administration retailers should take action….
Retailers Should Take Action to Avoid Administration The collapse of Blockbuster, HMV & Jessops are a warning to retailers to take action. These well-known retail chains became the first high street giants to go into Administration in 2013 and with seasonal sales year-on-year remaining flat, Bridge Newland are calling...
Read moreThe end of Pubs as we know it?
The End of Pubs as we Know it? With a national report showing pubs are closing at a rate of 18 a week pub owners are being warned to take action to save their businesses before it’s too late. The...
Read moreRetention of Title (“ROT”)
Retention of Title (or Reservation of Title) Retention of Title (or "ROT") is the term used for a clause in a contract which allows a seller to retain ownership of assets ("title") until the buyer has paid in full. It...
Read moreCorporate Insolvency FAQ’s
Corporate Insolvency FAQ's This article answers to the most commonly asked corporate insolvency questions. Below are my top 10 (in no particular order)... 1. How can I tell if my company is insolvent? Your company is considered insolvent if it either cannot pay...
Read moreServices to avoid Administration or Liquidation
Informal Services to Avoid Admin or CVL One important piece of knowledge that I carry with me everyday is always to remember that the last thing that a business owner or company director wants, if in debt, is to place their company into Administration or...
Read moreRe-Use of an Insolvent Company Name
Re-Use of an Insolvent Company Name Directors: Avoiding Personal Liability for Re-use of a 'Prohibited Name' - Some of you may know that quite often, when a Company is placed into an insolvency process, a sale of the business and...
Read moreChapter 11 In Bankruptcy?
Chapter 11 Bankruptcy - US LAW Chapter 11 Bankruptcy is the process used in America to restructure a Company which is in debt. “Chapter 11” is the section within the American Banking Code which specifies how to deal with debt....
Read moreBusiness Recovery NOT Closure
Business Recovery - Not Closure As a Licensed Insolvency Practitioner, I believe that many people assume that the job of an Insolvency Practitioner is simply to close down insolvent companies that are facing company debt, through a Liquidation or Administration...
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