Tag Archives: Debt Solution
Business Rescue
Posted on 16. Dec, 2009 by Company Bankruptsy Advice.
Business Rescue / Turnaround
Turnaround involves the restructure of a financially challenged company with or without the use of a formal insolvency procedure. This is only relevant for companies that have a viable business that can, if freed from debt, trade profitably.The Turnaround culture for financially distressed companies now firmly exists. [...]
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Liquidation
Posted on 16. Dec, 2009 by Company Bankruptsy Advice.
There are 3 types of liquidation
(i) Members Voluntary Liquidation
A Members Voluntary Liquidation MVL is a voluntary procedure to wind up the affairs of a solvent company.
Solvent, what does this mean?A company is capable of paying its liabilities in full plus statutory interest plus the costs involved in winding up, within 12 [...]
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Corporate Debt Solutions
Posted on 15. Dec, 2009 by Company Bankruptsy Advice.
You could be guilty of wrongful trading without realising it if you are, you could become personally liable for the debts of your Company
If youre a Director of a Limited Company & you have Corporate debts the first thing to appreciate is that you must separate your personal debts from [...]
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