The Debt Survivor

Just go Bankrupt…you’ll be debt free in 12months…

Posted on 14. Jul, 2010 by pauljohnson.

Just go Bankrupt, youll be debt free in 12months
Im sure many of you have heard this pearl of wisdom before, I know I have. But is it really that simple Is it as straightforward as it sounds whats involved in the Bankruptcy process
Well, as somebody who has actually been through the process I can assure [...]

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Administrative Receivership

Posted on 16. Dec, 2009 by UK Liquidation.

Administrative Receivership is a procedure that can only be instigated by a secured creditor with a valid floating charge over the assets of the company. This is usually the companys bank.
The charge must have been created prior to 15 September 2003. With a few exceptions, secured creditors with charges created after 15 [...]

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Administration

Posted on 15. Dec, 2009 by UK Liquidation.

Company Administrationis designed to protect companies from their creditors while a restructuring plan is developed. The type of creditor action that Company administration will stop includes:-
Bailiffs distraining on behalf of rating authorities
Landlords distraint for arrears of rent
Action by Revenue and Customs & Excise to enforce their debt
Following changes to legislation introduced in [...]

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