It’s vital that businesses do everything in their power to remain solvent. Businesses have a range of liabilities, and when they are able to keep on top of them they can stay prosperous and plan more effectively. Assets are incredibly important to businesses, and when they don’t have enough, they may struggle to pay their
If you are currently experiencing financial problems and bankruptcy is not an option, an Individual Voluntary Arrangement could be the right choice for you. Let’s take a look at the benefits of Individual Voluntary Agreement (IVA) right now. Will my creditors keep contacting me? IVAs are legally binding, which means your creditors cannot pester you
A personal insolvency process is required when financial difficulties and debts become too much to handle. The purpose of an insolvency process is to form a settlement between the individual and the creditors to assess the remaining debts outstanding. An increase in bankruptcy A previous report from the Guardian highlighted how UK insolvencies had hit