These are trying times for the UK economy, but you can rest assured that Irwin Insolvency will be by your side, fighting for your business through the worst of the pandemic and the economic fallout that follows. In times like this, you need to know that you have the best insolvency practitioners behind you. Our
If your business is in financial trouble and struggling to stay afloat, then you might have thought about declaring bankruptcy. If you think you’ve exhausted every other option, this may be the only path left for you to take. In the UK we’re familiar with the administration process, but around the world, there are different
The Department for Business, Energy and Industrial Strategy has announced that temporary insolvency measures will be extended as the COVID-19 crisis endures. Measures intended to protect struggling businesses from insolvency will be held in place while the country faces an unprecedented economic downturn brought about by the pandemic. With the pandemic continuing to escalate across
If your company is struggling financially and facing the threat of insolvency, there are countless different options and outcomes that you, as a director, could consider, including a Company Voluntary Arrangement (CVA) or a Members’ Voluntary Arrangement (MVA). Insolvency is a serious process and, as the director of a company, your actions will be judged
If you’re an individual in dire financial straits and no longer have the funds to pay off your debts, you can declare yourself bankrupt. Bankruptcy is one way to clear debts (for most people, it’s the most well-known form of financial legal proceedings). But it’s not necessarily the best thing for everyone. Declaring bankruptcy can
What is MVL? A key process available to a number of companies, enacting Members Voluntary Liquidation (MVL) involves your company’s shareholders appointing or designating a liquidator to close down an otherwise solvent company. This is instigated as a formal motion by the company’s directors and can only be passed by a 75% shareholder vote, requiring