Wrongful Trading leading to Insolvent Liquidation
Wrongful trading, if proven to the satisfaction of the court, requires the Director to “make such contribution to the company’s assets as...
IVA preferable to Bankruptcy in certain careers
Some employers may frown upon the bankruptcy process whereas an IVA may be considered acceptable. In the Police Force for example, staff...
Bankruptcy process streamlined for debtor's petitions
As from the 6th April 2016, individuals who wish to declare themselves bankrupt (known as a debtor’s petition) will be able to do so...
