Category : INSOLVENCY

Company at risk of going bust? directors should take immediate action to address the situation and try to turn the company around. Here are some steps they can consider: Assess the Situation: Directors should conduct a thorough assessment of the company’s financial position, including cash flow, outstanding debts, and overall financial health. This evaluation will […]

The Insolvency Act 1986 is a piece of legislation in the United Kingdom that provides the legal framework for dealing with individuals and businesses that are in financial distress or insolvency. The Act covers all aspects of insolvency law, including bankruptcy, individual voluntary arrangements (IVAs), and company insolvency. The Insolvency Act sets out the procedures […]