Latest Insolvency Questions & Answers
Paying redundancy
How can I pay redundancy if I don’t have any money?
Bankrupt clients
HMRC have bankrupted a client who owes me £2300. The accountants in bankruptcy say I cannot withhold the accounts and tax returns I have prepared. Where do I stand - do these belong to me or must I hand them over?
Could the liquidator claim money?
Company B owes money to company A. Company A goes into liquidation. Can the liquidator claim money from company B?
Impact of declaring bankruptcy
I have a business that is no longer viable. I have four years left on the lease for my premises. What are the consequences and processes if I declare myself bankrupt?
Ownership of goods supplied
I supplied goods to a customer who has since fallen into administration without paying my invoice. However, the customer is still trading under a new business name. Do the goods I supplied to the customer still belong to me?
Bankruptcy
Can I start a business if I’ve previously been declared bankrupt?
Company failures
What are some of the reasons for a business going under?
Ceasing trading
When does a company cease trading?
Bankruptcy order
When is a bankruptcy order discharged?
