The insolvency statistics released for October 2024 show that of the 1,747 registered company insolvencies: There were 188 compulsory liquidations 1,445 creditors’ voluntary liquidations (CVLs) 100 administrations 12 company...
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The insolvency statistics released for September 2024 show that of the 1,973 registered company insolvencies: There were 226 compulsory liquidations 1,575 creditors’ voluntary liquidations (CVLs) 155 administrations 17 company...
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The insolvency statistics released for August 2024 show that of the 1,953 registered company insolvencies: There were 279 compulsory liquidations 1,542 creditors’ voluntary liquidations (CVLs) 112 administrations 20 company voluntary...
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The insolvency statistics released for July 2024 show that of the 2,191 registered company insolvencies: There were 320 compulsory liquidations 1,691 creditors’ voluntary liquidations (CVLs) 155 administrations 25 company voluntary...
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The insolvency statistics released for June 2024 show that of the 2,361 registered company insolvencies: There were 302 compulsory liquidations 1,866 creditors’ voluntary liquidations (CVLs) 1170 administrations 23 company voluntary...
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The insolvency statistics released for May 2024 show that of the 2,006 registered company insolvencies: There were 271 compulsory liquidations 1,590 creditors’ voluntary liquidations (CVLs) 126 administrations 19 company...
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When a business fails a director’s duties continue. Directors have several responsibilities and potential liabilities they must fulfil and these cannot be avoided by entering into insolvency or liquidation – even by resigning. Generally,...
Read more...Of the 2,102 registered company insolvencies in February 2024: There were 1,707 CVLs which is 12% higher than in February 2023 217 were compulsory liquidations which is 35% higher than in February 2023 There were 166...
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If you or your client’s business is facing financial distress it can be a stressful and worrying time for all involved. It can also be daunting to be presented with an overload of information and options on what to do next. Perhaps a formal...
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A restructuring plan is a recently introduced court-supervised process that allows financially distressed companies to restructure their liabilities and reach a binding compromise with their creditors and/or shareholders. It must have approval from...
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