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What is an Insolvency Practitioner?

  • Posted 24th June 2020

What is an Insolvency Practitioner?

Understand the role of an insolvency practitioner When a company is facing liquidation or administration, the court will appoint an insolvency professional, but what exactly is an insolvency professional? The first thіng tо kеер in mіnd іѕ thаt many companies working in thе field wіll nоt асtuаllу bе insolvent rеgіѕtеrеd, but will be brokers interested іn mаrkеtіng insolvency ѕеrvісеѕ. Thіѕ means thаt thеу gather lеаdѕ аnd thеn раѕѕ thеm оn ...

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  • Posted 24th June 2020

What is Insolvency?

Inѕоlvеnсу іѕ whеrе you оr your business саnnоt afford tо рау your dеbtѕ еіthеr in full or оn tіmе. You’ve probably hеаrd the tеrm оn a frеԛuеnt bаѕіѕ however dо уоu knоw what bеіng insolvent rеаllу means fоr a buѕіnеѕѕ аnd іtѕ dіrесtоrѕ? If уоu’vе fоund уоurѕеlf аѕkіng “whаt is іnѕоlvеnсу?”, wе’vе put together a guide to thе dеfіnіtіоnѕ аnd аlѕо ѕhаrеd some helpful tips. Thеrе are twо l...

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  • Posted 19th June 2020

Company Insolvency

https://youtu.be/ov5oRUA7zHM ...

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  • Posted 19th June 2020

Is Dissolution Right for Your Company?

Dissolving the Company: What You Need to Know The process to dissolve and liquidate a company is a complex operation that has various requirements and steps that must be followed. The dissolution of companies implies their extinction, or what is the same: their disappearance from legal trafficking. It is the most recommended solution when you want to close a business and cease its activity permanently. Once the liquidation process is complete, the company's obligations will also cease....

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  • Posted 19th June 2020

How to Close or Dissolve a Limited Company?

To dissolve a Limited Company that has decided to cease its activity, a dissolution process must be carried out in order not to continue paying the corporation tax. A company, despite having ceased its activity, has to continue paying its taxes. It does not matter if you no longer have workers or income, you must carry out the process of dissolution of the Limited Company, or in its absence of inactivity (it allows you to be a time without operating but you can recover it later), to stop fac...

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  • Posted 19th June 2020

What is LLC or a Limited Liability Company?

It is common for entrepreneurs to mainly consider two options when creating a company: register as a freelance or create a limited liability company. But what does this term really mean? In this article, we are interested in what the law says about the liability of partners and administrators in an SL. Partner Liability: A protected heritage One of the main reasons that make many entrepreneurs choose to create a limited liability company (SL) is because of the characteristic that gives it...

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  • Posted 17th June 2020

Changes to protect tax in insolvency cases

From the 6th of April 2020 there has been a change to policy objectives for when a business enters insolvency. More of the taxes paid in good faith by its employees and customers, and temporarily held by the business, will go to funding public services instead of being paid out to other creditors of the business. Below is the list of taxes collected and held by businesses; This reform will only apply to taxes collected and held by businesses on behalf of other taxpayers It was in ...

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  • Posted 10th April 2020

Supporting Company Debts & Cash flow

Supporting Company Debts & Cash flow ...

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