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Recovery Loan Scheme: What businesses need to know before applying

April 28, 2021 Dominic Lill finiancial support, insolvency, loan, loans, Recovery

Jeremy Over, head of corporate at law firm Moore Barlow, takes a look at the government’s new Recovery Loan Scheme,

Pre-pack administration: What are the advantages?

January 25, 2021 James Smith administration, Assets, insolvency, Insolvent, liquidation

The first question to ask is: What is a pre-pack administration? A pre-pack administration can be made available to insolvent

Is bankruptcy the right option?

May 7, 2020April 12, 2021 Dominic Lill bankruptcy, creditors, Debt, insolvency, IVA

Bankruptcy is a worry for numerous people due to the coronavirus pandemic. With the country in lockdown, employees furloughed, and

Is there an alternative to bankruptcy?

March 10, 2020 Dominic Lill bankrupt, bankruptcy, Debt, finances, insolvency, lenders

Perhaps you’ve been struggling with money, maybe your company or house is in danger of being repossessed. Regardless, this situation

Creditor pressure and harassment – What’s the difference?

March 6, 2020 Dominic Lill creditor, Debt, harassment, insolvency, legal action

If your business falls into insolvency, one of the most awkward and stressful aspects is when your creditors start to

Top tips for guarding against and minimising the impact of the insolvency of a trade partner

January 6, 2020January 22, 2020 Dominic Lill creditors, debts, impact, insolvency, suppliers, termination, trade partner

The news of one the largest global travel groups in the world going into liquidation has brought into sharp focus

Can I claim director redundancy if I sell my company?

July 16, 2018July 5, 2018 Dominic Lill administration, Company, Director, eligibility, employment, insolvant, insolvency, liquidation, Redundancy, Sale, selling a business

It is not possible to make a claim for redundancy as a company director if your business is solvent, and

Sole trader or limited company: Which is best for you?

May 11, 2018November 13, 2020 Dominic Lill business owners, Debt, growth, HMRC, insolvency, legal structure, limited companies, pensions, profits, responsibilities, sole trader, tax return

In this article, Mart Abramov, CEO of digital tax advisors Tax Scouts, takes a closer look at the legal structure

If my company goes into administration, what does that mean for my staff?

February 14, 2018October 2, 2019 Dominic Lill administration, creditors, CVAs, employees, insolvency, legal action, Redundancy, restructuring, staff, transfer

If your company goes into administration, it doesn’t necessarily mean that the business will close down. Your staff may retain

3 reasons not to prepack your company

March 23, 2017March 24, 2017 Dominic Lill administration, Business advice, Company, creditors, insolvency, Insolvent, liquidation, money, prcess, pre-pack, prepack, SMEs, transfer of employee rights, TUPE

In a prepack administration, a financially distressed company employs an insolvency practitioner to ready its assets and business for a

How to get back on your feet after business insolvency

January 18, 2016May 6, 2021 Dominic Lill 0 Comments borrowing, cash flow management, finances, insolvency, liability, loans, payments

Once you receive one sign that your business may be headed to insolvency, it may seem that all your finances