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On the face of it, a Company Voluntary Arrangement is beneficial 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 […]

The official Insolvency Service figures showed that in the first quarter of 2009, the number of businesses being put into liquidation in England and Wales increased by over 50% compared to the same quarter in 2008. I would suggest that during these difficult economic times, directors and senior managers take special notice in the following […]

If you do not want to continue running your business or you think it is in difficulty and cannot continue to trade, then you need to get good information about your possible options. One area which you will need to consider is company liquidation. The aim of this article is to explain in simple language […]

Nearly 5000 businesses went into liquidation in the first three months of this year according to the latest Insolvency Service figures for England and Wales published on 1st May 09. One of the solutions to this is Phoenixing (also known as Pre-pack administration). This is the process by which the sound elements of a failing […]

As the recession continues to bite, increasing numbers of businesses are finding it difficult to continue trading. In this economic climate Phoenixing or Pre-Pack Administration would enable many businesses to continue to trade without the burden of servicing legacy debts. With the continuing economic downturn, more and more businesses are finding it difficult to continue […]