Is Birmingham Bankrupt?
On 5 September 2023, Birmingham City Council took an extremely serious step that led many people to ask ‘is Birmingham…
What Happens When a Council Goes Bankrupt?
There’s been a steady increase in a troubling trend around the United Kingdom: the financial collapse of local councils. Local…
5 Warning Signs Your Business is Approaching Insolvency
Running a business is demanding, and early signs of financial trouble are often overlooked. Many business owners ignore late payments…
How Much Does a Members’ Voluntary Liquidation Cost?
A members’ voluntary liquidation (MVL) allows directors and shareholders to wind up their company. Company assets are sold, and shareholders…
The Complete Guide to Members Voluntary Liquidation (MVL)
What is an MVL? An MVL or members’ voluntary liquidation is a tax-efficient legal process used to close down UK…
How Long Does an MVL Take?
A members’ voluntary liquidation (MVL) is a process of closing a solvent company in an orderly manner, paying off debts,…
Tax Considerations of a Members’ Voluntary Liquidation (MVL)
If you intend to wind up your solvent company by placing it in members’ voluntary liquidation, you stand to benefit…
Creditors Rights and Duties in a CVL
When a company cannot repay its debts and there’s no prospect of recovery, there may be no choice but to…
Compulsory Liquidation vs Creditors’ Voluntary Liquidation (CVL)
Liquidation will undoubtedly be on your mind if your company doesn’t have a realistic chance of recovering from its financial…