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Archive for the Insolvency Guides Category

Redundancy pay advice for directors

  It is a common assumption by directors of insolvent companies that they have no statutory rights in relation to redundancy, which is leading to a considerable number of directors missing out on claiming what can be a substantial sum. If a company is struggling financially, despite

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What will happen to my employees if my Company is insolvent?

What will happen to my employees if my Company is insolvent?

Business owners who believe their Company may be insolvent are often extremely concerned about what could happen to their employees. Directors will commonly form strong professional relationships with their employees, and often personal ties too, so it’s natural that they would be concerned for their future welfare.

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Re-use of Company Names

Re-use of Company Names

One question we are regularly asked by our clients is if a new Company can have a similar name to an old Company. This question tends to crop up where an old business is placed into liquidation and a new company is formed. The law around the

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The responsibilities of a limited company director

The Insolvency Service has reported that there has been a 25% increase in the amount of director disqualifications since last year. Figures show there were 1,208 director disqualifications in England, Wales and Scotland in 2013/14 up from 969 in 2012/13. The increase in disqualifications is the first

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