Owning a business is a journey of highs and lows. For self-employed individuals, financial stability is as essential as the services they offer. Yet, there are times when debts become overwhelming, and a sustainable solution is needed. For self-employed professionals in the UK, an Individual Voluntary Arrangement (IVA) could be the answer. Specifically tailored for [...]
Navigating through financial turbulence often leads individuals to seek strategic ways to manage their debts. An Individual Voluntary Arrangement (IVA) is a viable alternative for many within the UK, offering a structured path to address insolvency issues while maintaining a degree of financial stability. So, our expertise as licensed insolvency practitioners means we’re here to [...]
When a company enters into liquidation, it becomes more likely that cases of fraudulent trading might become known. The activities of a business are investigated once it enters into liquidation and as such, if the directors of a business have acted in an improper manner then this will come to light. Acting fraudulently deliberately is [...]
There are a number of terms which are thrown around when debt and money trouble are discussed. One of the more common terms is an Individual Voluntary Arrangement (which is usually referred to as an IVA). An IVA is a formal and legally binding agreement which is formed between an individual and their creditors. Its [...]
Economic uncertainty seems to be a talking point quite a bit in the modern age and as such, if you have some savings tucked away for a rainy day, you are going to want to make sure that they are safe. In order to reassure people that their savings would be safe and keep everything [...]
There are a number of businesses out there that have been struggling recently as the pandemic, the cost of living crisis and political uncertainty are making economic consistency harder to achieve. A well-known and much-loved company who is feeling these detrimental effects is High Street giant Wilko, who announced recently that they are set to [...]
In what is proving to be an incredibly difficult year for businesses across the UK, the delivery company Tuffnells Parcels Express has recently declared bankruptcy. The company has collapsed as a result of fierce competition and a steady increase in costs which has made its means of doing things borderline impossible to keep up with. [...]
There are many different risks that businesses and business owners need to keep at the forefront of their minds on a day-to-day basis. One of the growing problems is cyber risk, which is becoming more and more of a factor for growing organisations. 9 out of 10 businesses recently surveyed have found that there are [...]
It’s normal for organisations to find themselves in financial difficulty and when this happens, people who are owed money by said businesses are likely to suffer to some extent. This is especially the case when a creditor is unsecured as they are last in line to be paid once an organisation goes into liquidation. If [...]
After figures surrounding insolvency were released last year, it looks as though the reintroduction of Crown Preference is on the horizon. This reintroduction could wreak serious damage on company rescues and make the company's voluntary arrangement completely redundant. This is going to be discussed in more detail throughout the below article. What Is a Company's [...]
