Directors Disqualification A Guide For Worried Directors
The content on this page has been written by Keith Steven and approved by Chris Ferguson Licensed Insolvency Practitioner and Director of RMT Insolvency and Recovery.
ReadDirectors Duties in Insolvency and their Implications
Directors Disqualification A Guide For Worried Directors
Cheapest Way To Liquidate a Company
The cheapest we can liquidate a company for is about £4.5k + VAT. This would be for a company with only a couple of creditors such as HMRC and a Bounce Back Loan.
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HMRC VAT Security Deposits for Struggling Companies
We have received a letter from HMRC and they have demanded a security deposit. What does that mean?
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Company Bankruptcy Advice
The content on this page has been written by Robert Moore and approved by Chris Ferguson Licensed Insolvency Practitioner and Managing Director of RMT KSA
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Is My Company Insolvent? The 3 Legal Tests & Director Duties
There are 3 tests to check to see if a company or business is insolvent. The cashflow test, balance sheet test and the legal action test.
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What is Balance Sheet Insolvency?
Balance sheet insolvency is when a company’s total liabilities outweigh its total assets. However, it may still be able to pay its liabilities when they are due.
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If My Company Goes Bust Will I Lose My House?
You will not lose your house if your company goes bust but if you have been guilty of defrauding creditors or have personally guaranteed company loans then it is possible.
ReadAm I Trading Whilst Insolvent? – Directors Guide To The Risks
Trading whilst insolvent is a legal term used to describe a business which continues trading when it cannot pay its debts and its liabilities are greater than its assets. It can lead to a breach of several provisions of the Insolvency Act 1986 which can result in the directors being held personally liable
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What Is A Phoenix Company And How Do They Work?
A phoenix company is a new company that rises "from the ashes" of a previously insolvent company It is achieved by having the assets and goodwill of the company being transferred to a new company under the same set of directors. The process is completely legal as long as the assets are fairly valued.
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Wrongful Trading – Director Liability & How to Avoid It
Wrongful trading is where an insolvent company has continued to trade in a way which worsens the position of the creditors that any reasonable director would not have allowed.
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Company Debt Advice
If your company is struggling due to business debt, then we can give advice about how you can reduce it.
ReadWill I Go Bankrupt If I Am A Director Of A Company That Goes Bust?
The content on this page has been written by Robert Moore and approved by Chris Ferguson Licensed Insolvency Practitioner and Managing Director of RMT KSA
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