What Happens to Subsidiary Companies If a Parent Is Liquidated?
If you own multiple businesses, you may find it convenient to limit your liability and risk by creating subsidiary companies.…
How Long Can a Company Stay in Liquidation?
If your company is facing financial difficulties, you could be looking at liquidation as a last resort. Liquidation results in…
Company Insolvencies In The UK Are At Their Highest For A Decade
There’s no hiding the fact that the UK is poised to enter a period of severe, long-term economic depression. Unfortunately,…
Does Bankruptcy Cover Secured Debt?
Bankruptcy is an opportunity for a fresh financial start, so if you’ve taken out a secured loan you might be…
Does Bankruptcy Clear Personal Guarantees?
If your business is facing financial difficulty and you have secured loans or credit through personal guarantees, you might need…
Bankruptcy credit cards
Declaring bankruptcy will affect your credit rating for years, but it may be the only option available to individuals in…
What Is Balance Sheet Insolvency?
Balance sheet insolvency is a type of corporate insolvency that may affect a company with limited assets and high debts.…
How Does Insolvency Affect Pensions?
If your company has found itself in financial trouble, it’s highly likely that you’re wondering what will happen to your…
How Can Liquidity Risk And Credit Risk Cause Insolvency
Liquidity risk and credit risk are both important measures of a company’s ability to pay its debts. If your business…