liquidations

What are the Pros and Cons of Voluntary Liquidation?

Voluntary liquidation is the term used when a company decides to cease trading of its own accord. It is usually implemented as a final measure to settle outstanding debts by selling assets and property. The process can manifest via two methods, members’ voluntary liquidation and creditors’ voluntary liquidation, but the…

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…

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…

Choosing liquidation: leaving company debt behind to start again

Choosing liquidation means your company debt does not have spell the end of your business dreams. Voluntary insolvency can provide the opportunity for directors of companies which are in difficulties to cut their losses and start again. We know it can be a stressful time, but with the right support,…