A winding-up petition does not always stop a CVL, but timing is critical. Directors must act fast, protect company funds, and coordinate a solicitor and Insolvency Practitioner before hearing date.

Directors in liquidation must hand over far more than annual accounts: accounting records, bank statements, invoices, contracts, tax and payroll files, emails, passwords and asset details, preserved honestly and completely.

HMRC can reject Time to Pay proposals over low payments, long repayment periods, unmet future taxes, or weak supporting evidence. Molly Monks of Parker Walsh helps directors submit realistic proposals.

This article explains when directors can lawfully pay staff, suppliers or HMRC before liquidation, covering preference payments, personal guarantees, winding-up petitions and the records directors should keep before making decisions.

Explains options when a company cannot pay HMRC, including Time to Pay arrangements, CVAs and pre-pack administration, stressing early advice and realistic, sustainable repayment commitments for directors.

This article explains HMRC's powers when a company has tax arrears, covering winding-up petitions, Time to Pay arrangements, and when directors should seek formal insolvency advice from Parker Walsh.

Start again after liquidation properly, using a separate new company with proper funding, tax compliance, fair asset purchases, correct insurance and full co-operation with the liquidator and professional advice throughout.

Parker Walsh helped rescue a viable business facing significant HMRC arrears by negotiating a sustainable four-year repayment arrangement, preserving jobs, restoring stability and avoiding formal insolvency proceedings.