Advisory

In the world of insolvency, a winding up petition holds significant importance. When a company has received a statutory demand (SD) and fails to raise a legitimate dispute or make payment, the creditor can proceed with a winding up petition. This article delves into the essence of winding up petitions, their process, and the implications…

Bankruptcy is often viewed as a last resort for individuals overwhelmed by debt, offering a path to financial relief but also leaving a significant mark on their financial records. However, there’s a lesser-known process that can offer a clean slate: bankruptcy annulment. In this article, we delve into what bankruptcy annulment entails, why it might…

When it comes to construction debt, debt recovery for specialist contractors isn’t just about recouping losses; it’s about survival. Cash flow is the lifeblood of any business. Whether dealing with a few thousand pounds or several hundred thousand, every penny counts. Yet, navigating construction contracts often leaves contractors short-changed or waiting indefinitely for payment. According to a…

Dealing with unpaid debts is never a pleasant situation, but sometimes it becomes necessary to seek recourse to resolve these matters. One such avenue available in the UK is the County Court Judgement,which enables individuals or businesses to demand payment of outstanding debts from othersthrough the judicial system. Governed by Part 7 of the Ministry…

We can reveal today that the Co-op bank, the bank in which we use for our business account, has been holding and denying us of our company funds for more than 70 days, for entirely baseless reasons. On the 3rd October 2023, we were given formal notification of the withdrawal of our account facilities with…

You may have heard the term “debt assignment” tossed around in the world of finance, but whatdoes it really mean? Simply put, debt assignment is when a lender passes on your debt to someoneelse, typically a third party. This third party then takes over the responsibility of collecting what youowe. It might sound like a…