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 business finds itself in hard times, a lot of people seem to think that the only option is to close down and call it a day. Whilst liquidation is very much an option, it doesn’t need to be the only option. There are a number of different ways that a business can handle [...]
When businesses fall on hard times, there are many different ways that they might try and get themselves back into a viable position. One of the common methods used is restructuring. Restructuring plans need to be granted before a business can officially undergo the process, as has happened recently for the German company Adler. On [...]
In December 2022, the UK government announced a package of reforms to financial services regulations in the UK. The Financial Services reforms have been made, pending legislation that will come into effect later in 2023. So far, people have just been guaranteed that more consultation on specific areas is to follow. The announcement came after [...]
Many people across the UK file for personal insolvency every year. People generally have different reasons why they need to file for bankruptcy, but if this is something you are considering, you will no doubt require further information. This article will discuss how to assess whether you should file for personal insolvency and the repercussions [...]
A company voluntary arrangement (otherwise known as a CVA) is a formal insolvency process. This is where some kind of legal arrangement will be made between a company and the creditors that it is currently in debt to. They usually span across 3 – 5 years and it’s during this time that companies will make [...]
Suppose your business finds itself having financial trouble and owing money to its creditors. In that case, you will be happy to know that several methods will allow you to pay back this money effectively. One method is entering into an individual voluntary arrangement, a legally binding agreement between you and your creditors where you [...]
All the way back in 2012, the government started a scheme that was intended to assist businesses in the UK with building their brand. The scheme provided loans to people who wanted to start a brand-new business which was based in the UK. The original scheme was only available to individuals who were over 18, [...]
There are several different reasons why a business might need assistance. Many of these are within a business’s control, such as lack of planning, poor communication skills and no direction. Of course, many other reasons are not within a business’s control, and if any year can exemplify that, it has to be 2020 and 2021. [...]
During the Coronavirus pandemic, businesses suffered badly, particularly small and medium-sized businesses. Whilst many businesses bounced back as restrictions were lifted, there are plenty still struggling to recover and grow. In April 2021, the Government announced the Recovery Loan Scheme (RLS), designed to provide support for businesses affected by the pandemic that need access to [...]
