Just a quick note to say a big thank you to all the staff at KSA, our CVA was passed today by creditors voting in an overwhelming number including HMRC to accept the proposal as prepared by KSA.
The road to reach today’s conclusion has been bumpy, but at each stage your team has supported and guided us through the issues and we have reached a very satisfactory outcome to the benefit of customers, staff, all creditors and shareholders.
Guides
Wrongful trading and fraudulent trading: What’s the difference?
Wrongful trading is where an insolvent company has continued to trade in a way...
A Guide To The Process Of Compulsory Liquidation
Compulsory Liquidation is when a company is liquidated by the official receiver...
Pressure from Creditors Legal Actions Explained
This is not a legal lesson nor is it comprehensive - rather it is intended to...
What Are Fixed and Floating Charges?
Fixed and Floating charges are different types of security over assets. A fixed...
Company Voluntary Arrangement CVA Moratorium
Under Schedule A1 Insolvency Act 1986 small companies in financial difficulty...
What is a Phoenix Company And Are They Legal?
A phoenix company is a new company that rises "from the ashes" of a previously...
Are Directors Liable For The Debt In A Limited Company?
Generally, a director is not liable for their company's debts unless they have...
Does Liquidation Affect My Credit Rating?
This is a question we get asked a lot. It is a legitimate concern for any...
Directors duties & responsibilities in Insolvency and Liquidation
Know the duties of directors in companies. These duties can change once the...
Can I liquidate my company if it is solvent?
Often we hear of liquidation for insolvent companies, by forms of compulsory...
The Costs of Voluntary Liquidation
Voluntary liquidation is an effective way to close an insolvent business,...
What does a liquidator do?
Once a liquidator is officially appointed, they are in charge of closing down...