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Wrongful trading and fraudulent trading: What’s the difference?

Wrongful trading is where an insolvent company has continued to trade in a way...

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Compulsory Liquidation - A Worried Directors Guide

A Guide To The Process Of Compulsory Liquidation

Compulsory Liquidation is when a company is liquidated by the official receiver...

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Pressure from Creditors Legal Actions Explained

Pressure from Creditors Legal Actions Explained

This is not a legal lesson nor is it comprehensive - rather it is intended to...

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What Are Fixed and Floating Charges?

Fixed and Floating charges are different types of security over assets. A fixed...

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Company Voluntary Arrangement CVA Moratorium

Under Schedule A1 Insolvency Act 1986 small companies in financial difficulty...

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What is a Phoenix Company And Are They Legal?

What is a Phoenix Company And Are They Legal?

A phoenix company is a new company that rises "from the ashes" of a previously...

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Are Directors Liable For The Debt In A Limited Company?

Are Directors Liable For The Debt In A Limited Company?

Generally, a director is not liable for their company's debts unless they have...

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Does Liquidation Affect My Credit Rating?

Does Liquidation Affect My Credit Rating?

This is a question we get asked a lot. It is a legitimate concern for any...

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Directors duties & responsibilities in Insolvency and Liquidation

Directors duties & responsibilities in Insolvency and Liquidation

Know the duties of directors in companies. These duties can change once the...

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Can I liquidate my company if it is solvent?

Can I liquidate my company if it is solvent?

Often we hear of liquidation for insolvent companies, by forms of compulsory...

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The Costs of Voluntary Liquidation

Voluntary liquidation is an effective way to close an insolvent business,...

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What does a liquidator do?

Once a liquidator is officially appointed, they are in charge of closing down...

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