Archive for the "Bankruptcy" Category

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Directors protection during Compulsory Liquidation

When a company is liquidated or Wound up, the liquidator is required to write a report on the actions of the Directors of the company. If they believe the Directors did not act in accordance with their duties then they will indicate that they believe the Directors were guilty of wrongful trading. If this accusation […]

A company voluntary arrangement costs less than pre-pack admin

When a limited company is facing financial difficulty, two of the rescue options which are often considered are a company voluntary arrangement (CVA) and a pre-pack administration. One of the downsides of pre-pack administration is the upfront cost, whereas a company voluntary arrangement can be implemented with little or no investment cash. If your company […]

Looking for bankruptcy help – Go for Bankruptcy Attorney

Bankruptcy is a highly complicated legal and financial procedure that is extremely difficult for an individual to negotiate on his or her own. This is where a skilled bankruptcy attorney can help you. Whether you are filing chapter 7 bankruptcy, chapter 11 or chapter 13 bankruptcy, you will have to seek credit counseling with an […]

Company Administration is not the best solution to save a failing company

The theory behind company administration is that it allows a business time to review its operations strategically and implement significant changes to put it onto a sound financial footing. Legally Customers and suppliers must be told of the company’s position and this will start to cause them to consider other options making the object of […]

Minnesota bankruptcy lawyer – Right guidance to file bankruptcy

Not many people live their life as they want, they face the stress and tension of getting their debt cleared. In such cases some people file for bankruptcy. Bankruptcy is a legal document that states the person is bankrupt and is unable to repay the outstanding debts. Not many people live their life as they […]