Author: derekc
Published articles: 4
A Winding Up Petition could have serious consequences for you and your business. It is therefore very important to understand what a Winding up Petition is and the implications of receiving one.
A Winding Up Petition could have serious consequences for you and your business. It is therefore very important to understand what a Winding up …
In the current conditions a number of businesses are finding that they have been issued with a County Court Judgment commonly known as a CCJ. The purpose of this article is to explain what a County Court Judgment is, why they are issued and what the implications of receiving a County Court Judgment are.
Since the …
At first glance, a Company Voluntary Arrangement is good news for both the company and its creditors. It allows a company which might otherwise have failed and been put into liquidation to continue to trade. Despite these potential benefits, many insolvency professionals have long regarded Company Voluntary Arrangements with scepticism because they believe there is …
Historically, winding up was initiated by a creditor because they believed that a company was not in a position to pay its current outstanding debts. Over about the last year I have seen more and more creditors using winding up petitions to force creditors to pay outstanding debt.
Winding up (or compulsory liquidation) is the closest …