Insolvency & Law Blog

Creditors vulnerable without winding-up petitions

By admin | Sep 29, 2020 | Comments Off on Creditors vulnerable without winding-up petitions
Creditors are vulnerable without statutory demands and winding-up petitions

The UK Government’s decision to extend the temporary restrictions on statutory demands and winding-up petitions for Covid-19 related debts until…

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Business rescue advice: administration vs CVL

By admin | Sep 21, 2020 | Comments Off on Business rescue advice: administration vs CVL
administrations are usually longer and more expensive than CVLs

When directors resolve not to rescue an insolvent company, an insolvency practitioner (IP) may recommend placing the company into administration.…

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Benefits of a creditors’ committee

By admin | Sep 14, 2020 | Comments Off on Benefits of a creditors’ committee
Benefits of a creditors committee

Creditors in a statutory insolvency procedure should establish a creditors’ committee if they want to influence proceedings, set the basis…

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Understanding your insolvency practitioner (IP) Part 2

By admin | Sep 7, 2020 | Comments Off on Understanding your insolvency practitioner (IP) Part 2
Seek advice from an independent professional when considering any insolvency procedure

It’s fair to say the laws surrounding the insolvency regime were written largely by and for insolvency practitioners (IPs). The…

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How to make the most of creditors’ meetings (part 2)

By admin | Sep 4, 2020 | Comments Off on How to make the most of creditors’ meetings (part 2)
Creditors must be proactive in creditors' meetings

Creditors in a statutory insolvency procedure must request and attend a physical creditors’ meeting if they want to assert any…

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Tips for creditors in a company voluntary arrangement

By admin | Aug 12, 2020 | Comments Off on Tips for creditors in a company voluntary arrangement
Creditors in a CVA should try to appoint their own supervisor

You must respond quickly if you’ve become a creditor in an insolvency procedure such as a company voluntary arrangement (CVA).…

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Benefits of a CVA for directors and business owners

By admin | Jul 28, 2020 | Comments Off on Benefits of a CVA for directors and business owners
Directors and business owners can use a CVA to expand their business

A company voluntary arrangement (CVA) offers many benefits if you have a profitable company that’s been devastated by the Covid-19…

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