Articles Category: Bankruptcy - HaCKeD BySanaLTeRöRiZm

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Cash Flow - A strategy for debt recovery in difficult recessionary times By : Derek G Cooper One of the main reasons for business failure during these difficult trading times is late or non payment of debts. If you are struggling to persuade your customers to pay, there are a number of actions you can take to get them to part with their cash. Business Phoenixing is a way to avoid company failure By : Derek G Cooper 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. Resolving directors personal debt problems with Debt Management By : Derek G Cooper Frequently directors of a small business borrow in their own name to invest in the company. If the business fails, they are often left struggling to pay personal debts which corporate rescue schemes do nothing to assist. Debt Management discussed here is one of the options to help their personal debt. Using Individual Voluntary Arrangement (IVA) to solve Self Employeed Personal Financial Difficulties By : Derek G Cooper When a company gets into financial trouble there are a number of business rescue solutions available. The problem for directors is that corporate rescue solutions do nothing to resolve any debts taken on by them personally. One answer which should be considered is an IVA (individual voluntary arrangement). Phoenix or Pre-Pack guide for dummies By : Derek G Cooper Transform your dying business using Pre-pack or Phoenixing. Take the viable parts of your struggling business and move on using this guide. Can I ignore a statutory demand By : Derek G Cooper If you have received a statutory demand, you have three weeks in which to respond to it. There are basically four options depending on your business' circumstances, which are explained in this article. Do the benefits of Pre Packs (Phoenixing) outweigh the criticisms? By : Derek G Cooper Pre Pack liquidation or Phoenixing has been much maligned over that last year. Under closer examination I believe the arguments against are based on false assumptions. Practical guide to a Company Voluntary Arrangement By : Derek G Cooper If without the historic debt your company would be be a viable business, Then a Company Voluntary Arrangement (CVA) could be the answer for you. Liquidation - how do I close my company? By : Derek G Cooper Looking to close down your company? Here is a guide to the liquidation process you will need to go through. How to prevent a landlord seizing goods in lieu of rent By : Derek G Cooper How can you protect yourself against the legal right of landlords to seize goods of a defaulting tenant. Company Bankruptcy (Liquidation) avoided using Business Refinancing By : Derek G Cooper During an economic downturn, many companies find themselves at risk of failure because they do not have enough cash to maintain their day to day business activities. High Street banks are currently extremely reluctant to lend because of their huge bad debt risks. There are other funding options which should be considered which are collectively known as business re-financing. Pre-Pack or Phoenix used to prevent Company Bankruptcy (Liquidation) By : Derek G Cooper If your company is no longer financially viable in its current form, you may be looking at closing (or liquidating) the business. However, if you believe that the business idea remains a good one, you should look at a Pre Pack Liquidation or Phoenix. Company Voluntary Arrangement (CVA) used to prevent Company Bankruptcy (Liquidation) By : Derek G Cooper Before deciding your company is bankrupt, have a think whether there may be a possibility of Business Recovery. One option you can consider is a Company Voluntary Arrangement (CVA). Company Liquidations likely to follow mass Tax Deferment By : Derek G Cooper At first glance, the corporation tax deferment scheme seems like an extremely good idea. However, I believe it is important to question whether this policy is simply deferring an inevitable wave of company liquidations. Pre Pack and Phoenixing - Tips to ensure pre pack success By : Derek G Cooper Undertaking a business pre pack liquidation is by no means a recipe to ensure that the new phoenix business will be a success. Following the tips below will help get off to the best start possible. If a customer has a Company Voluntary Arrangement (CVA), how can we collect the debt owed to us? By : Derek G Cooper With the difficult trading conditions in which a large number of companies are struggling with, the use of procedures such as company voluntary arrangements is likely to become increasingly common. This is not good news for creditors who will find themselves with unpaid accounts. What are the implications of a Winding Up Petition By : Derek G Cooper 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. How to have life after Company Liquidation By : Derek G Cooper If a company is struggling partly due to outstanding debts, the directors may decide the best action is to close the business. However this need not be the end of the road as there is nothing to stop a director of the original business setting up a new company and making a bid to the liquidator for any or all of the assets which can then be used in the new enterprise.