insolvency

CVA as an alternative to voluntary liquidation – our guide

If you are considering entering into a CVA as an alternative to voluntary liquidation then hopefully this guide should help. In this day and age, we understand compromises have to be made. In some circumstances, we have found companies are struggling to get out of debt, despite providing an in-demand…

Bankruptcy twice as likely in Northern England than the South

The insolvency gap between the North and South of England has widened. Moore Stephens research shows personal insolvency rates between 2008-2013 have risen throughout Northern England but significantly fallen in London. Though from 2008-2013 the overall national personal insolvency rate fell by 10%, this figure hides critical regional disparities. In…

Voluntary Liquidation: The advantages for company directors

As a company director, we know it can be difficult to see the positives in liquidating your company to pay off your debts, but there are advantages to this situation. For example, many directors choose a process called creditors’ voluntary liquidation which offers a number of benefits unlike trading insolvent…

The drawbacks of choosing liquidation: a Director’s guide

Liquidation can seem like the best possible option when your company falling deeper and deeper into debt. But while voluntary insolvency does have several advantages, we think it is important that as the company Director, you understand the potential drawbacks. We’ve put together a three-point guide to the negatives which…