Which creditor is exposed to the highest level of risk when lending to a company?

When a creditor lends money to a company, it is taking a risk. Whether the creditor is a bank or other lending institution, a credit card or mortgage provider, bond purchasers or utility companies, or an individual, director or shareholder, lending money is a risky course of action, particularly if the debtor defaults on payments. [...]

By |2023-03-24T12:05:30+01:00May 5th, 2021|Business Insolvency|0 Comments

What costs are involved when a person has been declared bankrupt including insolvency?

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 [...]

By |2023-03-24T12:07:44+01:00February 24th, 2021|Business Insolvency|Comments Off on What costs are involved when a person has been declared bankrupt including insolvency?
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