A creditor can recover money owed by a company in a number of ways. As a director, you need to know your rights and obligations if those debt collection processes expose your company to legal action and enforcement.
Topics: Company Liquidation, Business Debt, Liquidation
So you’ve read up on how to choose the right Liquidator, spoken to one, and determined that liquidation is the best option for your company. What happens next?
Topics: Company Liquidation, Business Debt, Liquidation
So why would you risk hiring an unqualified Insolvency Expert or Liquidator? Some faceless operators try to sell liquidations to vulnerable people by charging a fee for unqualified (and usually poor) advice, then paying some Liquidator a portion of that fee to do the actual liquidation.
Topics: Company Liquidation, Business Debt, Liquidation
Creditors meetings give liquidators a way to keep your company's creditors up-to-date about the liquidation and seek creditor approval/guidance on various matters.
Topics: Company Liquidation, Personal Debt, Liquidation
If your company is experiencing a cash flow or liquidity crisis, you need to consider whether it can still pay its debts when they become due. If it can’t, then your company may be insolvent.
Topics: Director Advice, Business Debt, Insolvency, Liquidation