Alternatives to Liquidation If your business is struggling with unaffordable debt, you may think closure is the only way out. Thankfully, there are actually many alternatives to liquidation. Early action - and proper guidance - can help your company deal with

Closing a Limited Company with Debts to HMRC? If you're closing a limited company with debts to HMRC, it's vital you do it in the right way.Mishandling or ignoring the situation can leave you personally responsible for company debts or

What Is a Final Gazette Notice of Compulsory Strike-Off? A “Final Gazette dissolved via compulsory strike-off” notice advertises that a company has been dissolved. This means the company has been struck off the Companies House register, ceasing its existence as

Can a Director of a Liquidated Company Get a Mortgage? One question that worries many company directors is whether they’ll be able to get a mortgage after going through a liquidation. The answer to this question depends on the nature of

What Happens to Directors When a Company Is Struck Off? When a company is struck off - either voluntarily or forcibly - there are a range of potential legal and financial consequences for directors.You may find yourself having to personally

How Do I Liquidate My Company? How you liquidate your company depends on the circumstances your company finds itself in.You may need to liquidate to settle debts that you cannot afford to repay. Alternatively, you may need to liquidate your

What Is a Distribution In Specie? Distributing ‘in specie’ - which translates to ‘in its actual form’ - refers to an asset being distributed “as is” rather than selling it and distributing it as cash. This sometimes occurs in a

What Happens to Employees During a Liquidation? When a company enters into liquidation, it means the end of the business and, sadly, the redundancy of all employees. Fortunately, employees are entitled - by law - to receive various payouts, such

What Is a Stay of Execution? A Stay of Execution allows you to halt the proceedings of a County Court Judgement while the court makes a decision on your debt. Creditors may take out a CCJ if you fail to

Bankruptcy VS IVA - Which Is Right for Me? If you’re struggling with personal debts that you cannot afford to repay, you’re mostly left with two choices: declaring bankruptcy - or - entering into an IVA. Generally speaking, bankruptcy allows