If your business is starting to encounter financial difficulties, you may become aware of technical terms such as bankruptcy or insolvency. Unless you’re a financial wizard, it’s likely these two terms might cause some confusion. Insolvency and bankruptcy are often seen as the same thing. But while they might at first appear similar, they are in fact very different. To make
Companies in dire financial straits often go into administration, as they seek a way of escaping their debt and surviving as a business. Administration is a proven way of bringing insolvent businesses back from the brink of financial disaster. But there are many factors to ponder and important questions to consider before pursuing this route. One
Declaring bankruptcy is a way for individuals to eliminate their debt, and to essentially have a fresh start. Bankruptcy wipes out personal debts and will take away the need for you to continue paying debtors or creditors when you don’t have the funds to do so. It can be the best or in some cases
When it comes to insolvency, there are many myths and misconceptions which often lead to confusion and ill-informed actions. It is important that the myths surrounding insolvency and insolvency practitioners are addressed so that more people can understand some of the protocols involved. As a result, we have compiled a list of some of the
Many young managers are put onto leadership courses and workshops as part and parcel of their climb up the management ladder. Now every new workshop and seminar should give insights into leadership and the sheer magic of team building but, do they? Career progression is arguably more important than ever, with both organisations and individuals
There’s no denying the fact that coronavirus is shaking up the world. Unfortunately, it’s starting to seriously affect businesses in the United Kingdom. The virus has spread quickly across the world since its outbreak in China, and the UK is starting to feel the fallout from what’s now been termed a pandemic by the World