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| Author Name : |
Derek Cooper |
| City : |
Leeds |
| State : |
West Yorkshire |
| Author Bio : |
Derek is Managing Director of Cooper Matthews Limited (http://coopermatthews.com), and a member of the Turnaround Management Association UK.
Cooper Matthews specialise in Business Recovery Services Advice offering straight forward insolvency advice for businesses with financial problems. They have significant experience in working with small to medium sized businesses.
For more information on insolvency warning signs visit http://coopermatthews.com/assessment.html |
| Author's Website : |
No website submitted. |
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My Articles
- HMRC Fast track Time to Pay Scheme under threat
The government's tax and VAT Time to Pay scheme designed to help companies with their cash flow during the recession, may be more difficult to use if the business support centre is closed. Whatever the outcome of the changes, it seems likely that the number of business insolvencies will continue to increase into 2010.
In Category - Bankruptcy
- Solving Directors Personal Financial Difficulties with an Individual Voluntary Arrangement (IVA)
The problem for directors is that corporate rescue solutions do nothing to resolve any debts taken on by them personally. Very often the directors of a company will borrow money in their own name which is then used to support their company. Directors may take a personal loan and transfer the money to the company account, or a director will pay company bills and invoices with a personal credit card. Because these debts are in the director's name and not that of the company, the director remains personally liable for them even if the company is closed. We look at one solution to help directors personal debt problems.
In Category - Bankruptcy
- Can a landlord seize goods in lieu of rent?
Landlords do have a legal right to seize goods from a defaulting tenant in lieu of rent arrears. This process is called distrait. The question is how to protect against this.
In Category - Bankruptcy
- Avoid Company Bankruptcy (Liquidation) using a Pre-Pack or Phoenix
If your company is in significant financial difficulty you may be looking at closing (or liquidating) the business. If you believe the business idea is a good one then an option is to instead look at a Pre Pack Liquidation or Phoenix.
In Category - Debt Consolidation
- Company Voluntary Arrangement (CVA) used to prevent Company Bankruptcy (Liquidation)
Before deciding to liquidate your company, it is worth considering whether there may be a possibility of Business Recovery. One option you can consider is a Company Voluntary Arrangement (CVA).
In Category - Bankruptcy
- Is the Enterprise Finance Guarantee scheme providing Business Refinancing
The Enterprise Finance Guarantee scheme (EFGS) is designed to is to boost lending to small and medium sized businesses. The question is has it worked?
In Category - Small Businesses
- Company Liquidations likely to follow mass Tax Deferment
On the face of it, the corporation tax deferment scheme sounds an extremely good idea. It is important to ask the question whether this policy is simply deferring an inevitable wave of company failures.
In Category - Finance
- Avoid Compulsory Liquidation and protect yourself as a director
When a company is liquidated or Wound up, the liquidator is required to write a report on the actions of the Directors of the company. If the liquidator believes that the directors did not act properly during this period, then they can accuse the directors of wrongful trading. If this accusation is upheld, the directors in question can be made personally liable for the company's debts. They may also be banned from being a director. How do you minimise this risk?
In Category - Small Businesses
- Winding Up Orders now often used as Debt Collecting Tools
Historically, winding up was initiated by a creditor because they believed that a company was not in a position to pay its current outstanding debts. Over the last 12 months I have seen increasing numbers of creditors using winding up petitions to force creditors to pay outstanding debt.
In Category - Credit Repair
- Company Administration is not the best solution to save a failing company
The theory behind company administration is that it allows a business time to make a strategic review and implement significant changes to put it back onto a sound footing. Legally Customers and suppliers must be told of the company's position and this will start to cause them to consider other options making the object of the Administration harder to achieve. This article looks at the issues and alternatives of Company Administration.
In Category - Business
- Company Administration - how am I affected?
In the current climate it can be expected that larger numbers of companies are going into administration. I have spoken to a number of people recently who are employed by businesses where administration is happening or imminent. These people are quite concerned and want to understand what administration is and what it means for their personal situation.
In Category - Business
- Winding Up Petition is a serious cause for concern
If you receive a Winding up Petition, this could have very serious consequences for both you and your business. It is therefore very important to understand what a Winding up Petition is and the implications of receiving one.
In Category - Credit Repair
- I have a County Court Judgement - What does this Mean?
In the current market many businesses are finding that they have been issued with a County Court Judgement commonly known as a CCJ. This article seeks to explain what a County Court Judgement is, why they are issued and what the implications of receiving a County Court Judgement are.
In Category - Credit Repair
- Access to Personal Finance is as vital as Business Finance if we are to beat the recession
I frequently come across examples of small business owners or directors who use personal borrowing to supplement their business cash flow. Unfortunately due to the effects of the credit crunch, it is getting more difficult to obtain personal credit. This article looks at what can be done about this
In Category - Credit & Debt
- Top Five Company Insolvency Warning Signs for your business
The official Insolvency Service figures showed that in the first quarter of 2009, the number of companies being put into liquidation in England and Wales increased by over 50% compared to the same quarter in 2008. I would suggest that during these difficult economic times, directors or owners and senior managers take special notice in the following areas...
In Category - Credit Repair
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