My client needs to repay their creditors, what is the order of payment? When a company is insolvent, its assets are to be distributed (e.g., in liquidation).… Read more
What can my client (a director) do to protect themselves when their company is in financial distress? Protecting Directors When a Company is in Financial Distress When a company is financially… Read more
My client (a company) has received a winding-up petition, what are the options? Winding-Up Petition: Options for a Company A winding-up petition is a legal action initiated… Read more
My client (an individual) is in debt, what are the options? Options for Individuals in Debt Individuals in debt have several options available to them.… Read more
My client (a company) has cash flow difficulties, what are the options? Cash flow difficulties are often a warning sign that a company is under financial… Read more
What is the role of an Insolvency Practitioner? An Insolvency Practitioner (IP) is an officer of the Court. Why early advice is… Read more
As a landlord, what can I do if I am owed rent arrears? 1. Contact the Tenant’s Guarantor If the tenant is not responding to any communications,… Read more
What happens to my goods that I have supplied to a company undergoing insolvency? If a company enters insolvency, a supplier’s ability to recover their goods largely depends… Read more
What is a Retention of Title Claim? A Retention of Title (ROT) clause is a contractual provision that protects the supplier… Read more
Can a company still trade when they are in administration? It is possible for a company to continue trading while in administration, depending on… Read more
What is a creditor meeting? And do creditors have to attend in person? A creditors’ meeting is held to allow a company’s creditors to discuss its financial… Read more
What is a moratorium in insolvency? A moratorium in insolvency refers to the temporary suspension of legal actions against a… Read more
What is a secured & unsecured creditor? What secured creditors can claim A secured creditor holds a legal claim over specific… Read more
How can I confirm that a company has become insolvent/heading towards insolvency? As a creditor, there are several warning signs that may indicate a company is… Read more
Advantages and Disadvantages of an Individual Voluntary Arrangement Advantages of an IVA: One advantage of an IVA is that, once the creditors… Read more