The Steps for Insolvency for Debtors
The term insolvency describes the situation where an individual or business cannot pay bills when they are due. Take a look at some of the options and steps involved with the insolvency process if you are a business. How do you know if you are insolvent? The signs you are insolvent are: If the number […]
What Happens When a Company Goes into Administration?
The whole purpose of operating a company is to make money. However, with so many moving parts and money coming and going at different rates, it can be very easy to end up with an unmanageable amount of debt. A business that has reached a point where it is experiencing significant financial trouble may have […]
Bankruptcy: Five Things you Need to Know
Things don’t always go according to plan, which the last couple of years have proven for many people. Sometimes, despite all your best efforts and intentions, your financial situation can spiral out of control, leaving you facing bankruptcy. If you have significant debt and are considering declaring bankruptcy, here are some quick facts you need […]