Tag Archives: Debt Solution
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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Corporate Debt Solutions
Posted on 15. Dec, 2009 by UK Liquidation.
You could be guilty of wrongful trading without realising it if you are, you could become personally liable for the debts of your Company
If youre a Director of a Limited Company & you have Corporate debts the first thing to appreciate is that you must separate your personal debts from [...]
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The Debt Survivor in the media…
Pauls Recent Appearance in RAW Entrepreneur