HMRC Office Sign

Personal Liability Notice or PLN Explained

A personal liability notice (PLN) is issued by HMRC and governed by Section 121C...

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Houses

Can HMRC take my house for failing to pay company debt?

The simple answer to this common question is, no – so please be assured.

They...

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I Have Received A High Court Writ…What do I do?

I Have Received A High Court Writ…What do I do?

What is a High Court Writ?

A High Court Writ is a formal written order by the...

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What Are Fixed and Floating Charges

A fixed charge is security over a non-changing asset like property whereas a...

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Balance Sheet

What is Balance Sheet Insolvency? Is there a test for it?

Balance sheet insolvency is when a company’s total liabilities outweigh its...

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Business Insolvency

Business Insolvency - what does it mean?

When might you be faced with business insolvency?

All directors should be aware...

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Glass in Pub

Options for an Insolvent Pub

See below some advice given on our online chat regarding an insolvent pub

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Working Capital Problems

Working Capital Problems

As every business owner knows, working capital is vital for any operation. Not...

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preferred stamp

Who are Preferential Creditors?

A preferential (or preferred) creditor refers to a creditor who has the right to...

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Company Bankruptcy or Going Bust

Company Bankruptcy or Going Bust

This is a bit of a misnomer as companies do not go bankrupt but individuals do!

...

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Title Deed

How Does Retention of Title Work and What Happens in Insolvency?

A Retention of Title Clause allows ownership of any good within the contract of...

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supply British Steel

Advice if you supply British Steel

British Steel is in the process of entering compulsory liquidation under the...

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