Tag Archives: Creditors
Personal Debt Solutions
Posted on 16. Dec, 2009 by UK Liquidation.
Most people feel that the UK Insolvency / Debt solutions industry is a minefield. There are so many options, but so few truly independent advisors.
Many so called advisors are merely selling their own particular product or service, others are using call centres where the person who is advising you [...]
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Pre Pack Administration
Posted on 16. Dec, 2009 by UK Liquidation.
If your Company is in serious debt, there is a powerful, legal way of solving your problems that would result in selling your business on to a third party, which can be a totally new Company a newco or to the existing directors.
The name for this solution is pre pack administration.
The [...]
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Business Rescue
Posted on 16. Dec, 2009 by UK Liquidation.
Business Rescue / Turnaround
Turnaround involves the restructure of a financially challenged company with or without the use of a formal insolvency procedure. This is only relevant for companies that have a viable business that can, if freed from debt, trade profitably.The Turnaround culture for financially distressed companies now firmly exists. [...]
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Liquidation
Posted on 16. Dec, 2009 by UK Liquidation.
There are 3 types of liquidation
(i) Members Voluntary Liquidation
A Members Voluntary Liquidation MVL is a voluntary procedure to wind up the affairs of a solvent company.
Solvent, what does this mean?A company is capable of paying its liabilities in full plus statutory interest plus the costs involved in winding up, within 12 [...]
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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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The Debt Survivor in the media…
Pauls Recent Appearance in RAW Entrepreneur