Insolvency

Impact of Insolvency and Liquidation

The Impact of Insolvency and Liquidation on Small Businesses in the UK

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Many businesses face challenges, and these challenges vary depending on what market that business operates in and what the market is like currently. Usually, businesses can overcome various challenges; however, this isn’t always the case, and some organisations enter insolvency and have to go into liquidation. The question is, what do these two terms actually …

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Appoint Licensed Insolvency Practitioners

Why You Should Only Appoint Licensed Insolvency Practitioners?

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Several different terms are thrown around when your organisation is facing financial difficulty. An insolvency practitioner is one of the most common terms you are likely to see. If you have fallen on hard times, an insolvency practitioner can provide you with the help you need. What Is an Insolvency Practitioner Before we go any …

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Corporate Insolvencies Jump in the UK After Withdrawal of Covid Support

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When the coronavirus swept the world, governments and businesses were left scratching their heads, wondering how exactly they were supposed to deal with it. A virus of this scale had not been seen in over a century and as such, knowing what the next steps should be certainly were difficult to get hold of. Organisations …

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How Hard Is It to Find a Licensed Insolvency Practitioner in the United Kingdom?

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For any company or personal insolvency procedure or for the closing of a solvent business in the United Kingdom, it must be handled by a licensed insolvency practitioner (IP). But finding one that is able to handle your situation and that you can work with is another matter. However, there are several sources you can …

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Is There a Difference Between Insolvency and Bankruptcy?

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There is a mistaken belief that insolvency and bankruptcy mean the same thing. However, whilst the terms do have similarities, there are several distinct differences between the two. First and foremost, insolvency is the financial state of a company or an individual, whereas bankruptcy is the legal procedure when an individual has been declared insolvent. …

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How to Overcome Financial Loss Issues with a Reliable Insolvency Company

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Businesses in the UK are battling the onset of the Omicron coronavirus variant which threatens recovery across the UK, due to the re-introduction of restrictions, and may be a cross too much to bear for many. Insolvency has been knocking on the door throughout the past couple of years but closing the business doesn’t always …

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Individual Voluntary Arrangements – Selling Assets to Pay Off or Clear Debts

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If you have debts, chances are you are now being chased by your creditors for payment.  If you are considered insolvent and unable to pay your debts, it may well be worth considering an Individual Voluntary Arrangement (IVA).  Of course, if you own any assets of significant value, you may be able to sell those …

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Simple Liquidation

Lawrence House,
5  St Andrews Hill,
Norwich,
NR2 1AD

0800 246 5895
mail@simpleliquidation.co.uk

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