Posted on March 31, 2007 by insolvencyviews
Most small businesses in the UK operate in a continually marginal state, sometimes making a small profit, sometimes not. They lack the infrastructure, financial, marketing and other resources necessary to improve their lot. Many businesses are looking for opportunities to improve their lot through acquisition, merger or just being in the right place at the right time to pick up something cheaply. [...]
Filed under: Administrations, Bankruptcy, CVAs, Company insolvency, IVA, Insolvent Liquidations, Personal insolvency, Receiverships, What are my options for sorting out my finances? | 2 Comments »
Posted on March 31, 2007 by insolvencyviews
Being successful in business is often about being in the right position at the right time. You may have set the business up what seems a lifetime ago, and may have strong emotional ties to it, and feel a deep sense of loyalty to your employees, customers and suppliers. It is more than a business [...]
Filed under: Administrations, Bankruptcy, CVAs, Company insolvency, IVA, Insolvent Liquidations, Personal insolvency, Receiverships, What are my options for sorting out my finances? | 1 Comment »
Posted on February 22, 2007 by insolvencyviews
Two of the major underlying themes of the UK insolvency legislation are the promotion of an entrepreneurial spirit amongst the business community, where reasonable risk-taking is encouraged, and a ‘rescue culture’ enabling businesses to be recycled quickly and efficiently when things go wrong.
One of the ’safeguards’ on these themes has received more prominence recently, even though the law in this area is over 20 years [...]
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Posted on February 8, 2007 by insolvencyviews
Under the Insolvency Act 1986, where an individual or a company gives something away for less than its full value, the transaction can be upset, provided the deal occurred within certain timeframes of formal insolvency. The aim of the law is to restore the position to what it would have been in an attempt to be fair to the creditors.
But there [...]
Filed under: Company insolvency, Personal insolvency | 1 Comment »
Posted on February 4, 2007 by insolvencyviews
Many in retail are having a tough time, unable to offload underperforming sites. Last year, Powerhouse tried to reduce the closure costs on 30 of its poorer shops through an insolvency mechanism called a Company Voluntary Arrangement (‘CVA’). But did it work, and can it work for you?
A CVA is a legally binding agreement [...]
Filed under: Company insolvency | Leave a Comment »
