Last year there were 3,883 company insolvencies in Q1 alone and that figure doesn’t include those that went into administration or entered voluntary arrangements. In the UK, when a company goes bankrupt, which is called liquidation, it stops trading, is wound up and then taken off the register at Companies House. Insolvent limited companies go [...]
Declaring personal bankruptcy or insolvency is usually the last resort for many struggling with debt. Before you go down this route, it is a good idea to understand the costs involved. Although it is an option for resolving debt issues, you will need to have sufficient funds to apply for bankruptcy and the hiring of [...]
There are few things that make us realise that we have to confront our own finances more than a looming financial crisis. The reality is that the slump coming off the back of the global pandemic is going to be a big one. There is no avoiding that. But there is some good news. Unlike [...]
