By Mr Bankruptcy 15th November 2023 Times continue to be tough for businesses and last quarters’ insolvency figures clearly demonstrate just how difficult it still is for business owners to avoid unmanageable debt in a challenging operating environment. Insolvencies are on the increase The most recent government figures revealed that between 1 July and 30 […]
Read moreBy Mr Bankruptcy 26th October 2023 If you are a director of a business in financial difficulty you will probably be under a fair amount of stress. You may be fully occupied planning the next steps for your business and thinking about employees, but spare a thought for your own future and how you could […]
Read moreBy Mr Bankruptcy 20th October 2023 Financial uncertainty looms over many businesses, no matter their size. With the likes of Wilko going into administration and putting 12,000 UK jobs at risk, it’s important to understand the impact to employees should the worst happen and your business has to bring in the administrators. It’s also critical […]
Read moreBy Mr Bankruptcy 22nd June 2023 There was a lot of speculation during lockdown that many businesses would struggle to survive once the economy opened up again and that insolvencies would increase. Since the end of lockdown, financial insecurity seems to have got worse and the general feeling is that an even greater number of […]
Read moreBy Mr Bankruptcy 5th June 2023 If you’ve fallen behind with paying your corporation tax, it’s important you understand the options available to you to so you can work to resolve the matter. What happens if I miss a payment? Corporation tax is payable on the profits of your business and on capital gains with […]
Read moreBy Mr Bankruptcy 3rd May 2023 If you are in debt, there’s a number of ways that may be available to you to help you manage them and to resolve any dispute you are in with creditors. What debt management solutions are available to you? The following are some of the most common solutions used […]
Read moreMr Bankruptcy 30th September 2022 If you’re concerned creditors may be about to act against your business, especially in the light of the Government’s recent ‘mini-budget’, here are some actions they can take and what you can do to about it. What actions can creditors take? When trying to retrieve debts owed to them by […]
Read moreMr Bankruptcy 30th August 2022 A recent report by BBC News declared that thousands of small firms go bust owing millions in bounce back covid loans. This isn’t the first-time that concerns about bounce back loans have been raised and it seems unlikely the situation will improve any time soon. What can you do if […]
Read moreMr Bankruptcy 15th August 2022 If you are declared bankrupt while you’re a director of a limited company, it means some significant consequences for you. Before being declared bankrupt, it’s important to be aware of the impact and consider whether there are alternative ways to manage your debt. What exactly is bankruptcy? Bankruptcy is a […]
Read moreMr Bankruptcy 27th July 2022 The decision to liquidate your business is not an easy one to make, but if your business is in financial difficulty the time may have come to consider this as an option to allow you to move forward. What is liquidation? Liquidation is the means by which you officially […]
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