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FAQs

Our FAQs Business rescue and insolvency can take many forms for businesses - whether its liquidation, administration, winding up petitions or advice for negotiating with creditors - we can help. As li...

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FAQs for directors: Administrations

FAQs for directors Administrations What is administration?Administration is a legal process that protects your limited company or partnership by order of the Court.  Once the process has started....

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FAQS for directors: Members' voluntary liquidations ("MVL")

FAQs for directors Members' Voluntary Liquidations ("MVL") When should I put my company into an MVL?When it is solvent and can pay all its creditors within 12 months.What is an MVL?It is an insolvency...

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FAQs for directors : Company Voluntary Arrangements ("CVA")

FAQs for directors Company Voluntary Arrangements ("CVA") When should I put my company into CVA?When it is insolvent but the business is viable (once restructured) and you are able to pay creditors mo...

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FAQs for directors: Creditors' voluntary liquidation (CVL)

FAQs for directors Creditors' Voluntary Liquidation ("CVL") When should I put my company into CVL?When it is insolvent and reached the end of the road but always take advice from a licensed insol...

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Coronavirus Business Interruption Loan Scheme (CBILS) - FAQs

What is CBILS? CBILS is a government backed loan scheme to provide financial support to small and medium businesses (SMEs) across the UK that are experiencing financial dif...

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Top 10 FAQs for directors: Members' Voluntary Liquidations ("MVL")

When should I put my company into an MVL?  When it is solvent and can pay all its creditors within 12 months.What is an MVL?  It...

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Top 10 FAQs for directors: Administrations

When should I put my company in administration?  When it is insolvent and there is a benefit in taking advantage of the statutory moratorium.  For example if th...

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Top 10 FAQs for directors: Company Voluntary Arrangements ("CVA")

When should I put my company into CVA? When it is insolvent but the business is viable (once restructured) and you are able to pay creditors more than they would get in a liq...

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Top 10 FAQs for directors : Creditors' Voluntary Liquidation ("CVL")

When should I put my company into CVL?   When it is insolvent and reached the end of the road but...

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Corporate insolvency FAQs

What types of insolvency do you deal with? All types of formal insolvency procedures along with business rescue, turnaround and restructuring including: Creditors' voluntary...

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Directors' responsibilities FAQs

What does insolvency mean?Insolvency in its simple sense means that a business is unable to pay its debts as and when they fall due. Two tests exist to show i...

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Insolvency guides

Guides to insolvency procedures Here we provide a general guide to insolvency which takes you through the waterfall of insolvency options from least to most severe and brief guides to the most common....

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