East Lancashire is facing an insolvency crisis, with the number of businesses going bust in the region rising sharply in recent years. The changing business landscape of East Lancashire East Lancashire has a long industrial history, dating back to the Industrial Revolution. The region once had a thriving textile industry, which employed thousands of people. …
A lot of the time, regardless of the market research that you put in or the budget that you have assigned to your business, it can often be the case that things just don’t happen the way that you would like them to and as such, you fall on hard financial times. If this has …
Why Simple Liquidation is the UK’s Most Appointed Insolvency Practice? Read More »
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 …
Why You Should Only Appoint Licensed Insolvency Practitioners? Read More »
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 …
Corporate Insolvencies Jump in the UK After Withdrawal of Covid Support Read More »
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 …
How Hard Is It to Find a Licensed Insolvency Practitioner in the United Kingdom? Read More »
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. …
Is There a Difference Between Insolvency and Bankruptcy? Read More »
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 …
How to Overcome Financial Loss Issues with a Reliable Insolvency Company Read More »
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 …
Individual Voluntary Arrangements – Selling Assets to Pay Off or Clear Debts Read More »
A licensed insolvency practitioner, or IP, is a legal professional that is qualified and registered to act on behalf of a company, partnership or individual that is insolvent, or for a solvent company or partnership that wants to cease trading and close down. They act on behalf of a company or an individual in an insolvency …
Why Should You Seek the Services of an Insolvency Practitioner? Read More »
In the UK, a licensed insolvency practitioner, or IP, is a legal professional qualified to act on behalf of a company, partnership or individual that is insolvent, or for a solvent company or partnership that is closing down. In most cases, the IP has a background in law, accountancy or as a solicitor. They must …
What is a Licensed Insolvency Practitioner in the UK? Read More »
Simple Liquidation
