Category: Business Debt Disaster

What effect does debt have on mental health?

Business owners at risk of becoming insolvent may find that their mental health is suffering as well as their finances. There’s no doubt about it, debt is a burden, not just to your business, but to your health too. The strain of a failing business can also cause problems with personal finances, causing the pressure…




Can You Start Up A New Company Immediately After Liquidating A Company?




More Construction Insolvencies As Carillion Fallout Continues

Anyone hoping for better news in the construction industry will have to wait longer as data shows hundreds of construction firms entered insolvency in the first quarter of the year.   The collapse of Carillion may have grabbed all the headlines due to its high profile and size, but the ripple effect is already looking a…




Guide to Exit Strategies

Every business owner(s) or shareholders should have an exit strategy because there will inevitably come a time when the business itself reaches the end of its life or the owners wish to leave the business and move on. But what exactly is an exit strategy in practice? Here’s a brief guide to explain…  The confusing…




Is it the Beginning of the End for Homebase

Retailers Homebase have just become the latest major store chain to face the threat of extinction only to be saved from administration by a company voluntary arrangement (CVA) which has for now been agreed with creditors.   Given the fate of many large household retail chains in the past decade it would be easy to assume…




Government Proposes Clampdown On Directors Who Dissolve Companies To Avoid Obligations

Some high profile insolvencies in recent such as the controversial case involving former high street retailers BHS, has led to the government proposing a clampdown on directors who try to avoid paying staff and pensions by liquidating companies.     As part of the proposals, companies will be given more time to try to rescue a business…




Just Been Issued With A Winding Up Order – What Happens Now?

If you’re a business owner the one thing you don’t want to receive is a winding up petition because this means you’re creditor is serious enough to take the ‘nuclear’ option when it comes to recovering money. So what do you do as a director? How do you react to this threat to your business?  …




3 Ways to Get Out of Business Debt Fast

Debt isn’t always a bad thing for business. Sometimes taking on debt is necessary to develop, expand and grow a business. Sometimes, however, debt can get out of hand either due to taking on too many loans or if the business doesn’t bring in enough revenue to keep up with repayments to name but a…




3 Ways to Get Out of Business Debt Fast

Debt isn’t always a bad thing for business. Sometimes taking on debt is necessary to develop, expand and grow a business. Sometimes, however, debt can get out of hand either due to taking on too many loans or if the business doesn’t bring in enough revenue to keep up with repayments to name but a…




Tech Startups And Insolvency

The tech industry has its fair share of major successes but it still remains an industry with a high rate of insolvency. So what can a tech startup founders do to protect themselves, their businesses and ideas from an uncertain future?   Tech companies by their nature are built on ideas ; think Uber, Facebook and…