Derek Cooper

As small to medium sized companies continue to face financial trouble, business owners should be aware of the different solutions available to offer company debt rescue. Small to medium sized businesses continue to be under significant financial pressure due to the general economic slowdown and the difficulty of obtaining credit. Recent reports...

Once a company is being wound up a Liquidator will be appointed. The liquidator will undertake an investigation into the conduct of the directors to see whether they have knowingly allowed the business to trade while insolvent thus making the creditor's position worse. If this is the case, a director may face being disqualified and held personally liable for the company's debts. As a Director we look at the options you have.

Running a business that is not a limited company means you are classed as self employed. This is true whether you employ a number of staff or are a sole trader on your own. You may be using a trading name or running the business under your own name. As you...

For those with a personal debt problem bankruptcy can be a very effective solution. If you run a company either as a director or sole trader this could have implications for you. The very idea of bankruptcy has overtones that often put people off even considering it. It can however be...

If a limited company is wound up, the directors could be liable for its debts if they have allowed the business to trade while it was insolvent. Winding up is the forced closure of a company. The process is normally started by one of the company's creditors because outstanding debts have...

As the economy begins a fragile recovery, winding up petitions will continue to be used as a method of debt collection. However, the cost of issuing a winding up order is often considerable Despite the recent figures suggesting that the British economy moved out of recession in the last quarter of...

A number of companies are struggling financially in the current economic downturn with cash flow problems and mounting pressure from creditors. If it looks like you are facing insolvency, particularly where there is a large debt burden, a company voluntary arrangement (CVA) may be a good solution to affect a...

Debt collection strategies such as the issuing of winding up petitions are likely to be more widely used as the number of companies in financial difficulty continues to increase into 2010 and 2011. It looks increasingly likely that the UK economy will come out of recession during the final quarter of...

If your company is insolvent, before making the decision to stop trading and liquidate consider all of the rescue options available. However if closure is the only way forward, then appointing the right liquidator to protect the interests of the directors is important.

Receiving a County Court Judgement (CCJ) will make trading made more difficult and may lead to a petition for the winding up of the business. For this reason it is vitally important to act swiftly and respond to the Judgement. We give advice on the actions you should take.