One of the definitions of insolvency is being unable to pay your debts as they fall due. Many profitable businesses simply run out of cash or over extend themselves when growing. We are often … [Read more...] about When borrowing is the best option
Terminal Losses, VAT Bad Debt Relief and Crown Set Off
Terminal losses and VAT bad debt Relief are often overlooked in insolvent situations but if considered properly could result in increased realisations for the creditors (as well as further work for … [Read more...] about Terminal Losses, VAT Bad Debt Relief and Crown Set Off
Young hardest hit by the 2008 financial downfall
With the country slowly returning to more prosperous times it seems the 2008 recession will have long term effects for current young professionals under 30. Statistics released by the Institute of … [Read more...] about Young hardest hit by the 2008 financial downfall
Personal insolvencies fall but by less in coastal areas
Official figures released this week by the Insolvency Service has shown that personal insolvencies have continued to fall across England and Wales from the peak five years ago, but those that live in … [Read more...] about Personal insolvencies fall but by less in coastal areas
5 Signs Your Company May Need Debt Advice
One of the biggest questions people ask me is what are the most common signs of insolvency I see from a director’s point of view. Although a wide subject I’ve narrowed it down to what I believe are … [Read more...] about 5 Signs Your Company May Need Debt Advice
A note to creditors: The benefits of contacting a licenced insolvency practitioner
While a lot of creditors take the insolvency procedures of clients at face value many do not understand the potential benefits of getting involved with an insolvency practitioner (IP) during periods … [Read more...] about A note to creditors: The benefits of contacting a licenced insolvency practitioner
5 Signs That You May Need Debt Advice
From time to time we all get that feeling that perhaps we aren’t managing our money as well as we could be, we often find that the five signs below are the common indicators many of our businesses and … [Read more...] about 5 Signs That You May Need Debt Advice
Debts Soar as Low Income Families Hit By Welfare Reforms
New research carried out as part of a larger UK poverty project has estimated that the average low income family in the UK is running up huge amounts of personal debt due to changes in welfare … [Read more...] about Debts Soar as Low Income Families Hit By Welfare Reforms
Zombies Dying Out
Although a common buzzword at the moment within the accounting industry, research from R3 suggests that the number of zombie firms in the UK is actually subsiding. Whilst 2012 saw an estimated peak … [Read more...] about Zombies Dying Out
1 In 6 Enter Retirement With Debts
With thousands of people planning their retirement this year, staggering new research from Prudential has shown that one in six will enter retirement with heavy debts, averaging at £24,000. The … [Read more...] about 1 In 6 Enter Retirement With Debts