Creditors with outstanding loans to insolvent companies may be tempted to make use of a winding up petition. This petition offers a means of recovering a debt that would otherwise be difficult, if at all possible, to collect. Winding up petitions allow creditors to take the matter to the courts, make their case, and potentially…
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For insolvent companies, being served a winding up petition is a very real possibility. The procedure can be used by creditors as a means of trying to recover a debt they are owed. Being on the receiving end of a winding up petition can be catastrophic for a company, and stressful for the directors. If…
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Insolvency is a financial state that indicates serious trouble for a company. Not only does it foreshadow severe financial turmoil for a company, but it also can cause directors financial and legal problems. As such, knowing whether your company is approaching insolvency can be invaluable. Directors have a number of tools and warning signs they…
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Companies which are struggling with their cashflow and business debts have a range of options available to them to remedy their financial situation, including insolvency solutions. The main insolvency solution used by directors is to appoint an insolvency practitioner to place their company into a Creditors’ Voluntary Liquidation (CVL). Other options include administration or a…
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Directors may, at some point, consider using a liquidation process for their company. This could be for a number of reasons, including: These scenarios are relatively common. However, many parts of the liquidation process are not widely known, for example, the various rights of both creditors and directors involved in the liquidation. Directors should be…
Read MoreToyah and Nicholas were brilliant in sorting the MVL out for one of my clients. They kept me updated all the way through the process, and the client was delighted with how easily it all went through. I have since referred another case to Clarke Bell – it is very reassuring to know that we are in such safe hands. Many thanks. Martyn
Martyn Thacker
Clarke Bell Ltd were excellent with every aspect of our Members Voluntary Liquidation and in particular they were great value for money. Our contact, Nicholas was extremely professional, most thorough and reached all deadlines to our total satisfaction.
Steve Dawson
Clarke Bell were very good to deal with during the closure of a business I worked for. Although the closure of the business was complicated and slow, Clarke Bell kept me up to date on everything happening and were very helpful. I would highly recommend them.