Liquidation

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Why Personalised Service Matters in Insolvency

This article compares the experiences of directors who’ve worked with other insolvency practitioners and explains how Parker Walsh offers a more tailored and supportive service.

Understanding the Difference Between Preferential and Non-Preferential Creditors

Preferential creditors, such as employees and HMRC, are paid before non-preferential creditors in insolvency, meaning they have a higher chance of recovering their debts.

How Long Does Liquidation Take? A Complete Guide to the Process

Liquidation can take 6 to 24 months, depending on the type of liquidation and complexity of the company’s assets. What are the different types of liquidation?

October 2024 Budget: Act Now to Secure Business Asset Disposal Relief for Your Solvent Company

Business Asset Disposal Relief (BADR) remains available for Members' Voluntary Liquidations. Act now to secure the current 10% tax rate before potential budget changes.

When it comes to business finance concerns, what do Directors ask me the most?

When companies are struggling to pay their debts and cashflow is tight, they often have a range of concerns and questions. I have helped hundreds of directors; these are the most common questions I get asked.

What to Do if You Can’t Afford an Insolvency Practitioner to Liquidate Your Limited Company

If you can't afford an insolvency practitioner, try voluntary strike-off, negotiating with creditors, or debt charities. However, an Insolvency Practitioner is ultimately valuable.

What happens to a directors loan if the company is liquidated?

When a company is liquidated, directors' loans are scrutinised, and their treatment depends on whether the director owes money to the company or vice versa. Directors should manage these loans carefully to mitigate financial risks.

Liquidation questions? We're available whenever you need us

To support directors during this challenging time, I ensure they have my direct contact details. I understand that questions and concerns can emerge outside regular working hours.

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Get in touch with us on 0161 546 8143 or request a callback

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