Houthoff’s Post

A valuable dose of knowledge & deeper understanding from Mr. Devendra Jain. Dive into the world of insights, case learnings and know more about the world of insolvency. . . . #insolvency #restructuring #business #bankruptcy #liquidation #insolvencynews #debt #finance #insolvencylaw #insolvencyupdates

Navigating Business Dissolution: When and Why Liquidation is the Responsible Choice ⚖️ Don't be misled! Striking off or dissolving your company may seem quicker, cheaper, and easier, but it's crucial to understand when it's not the right choice. 💼 🚫 Outstanding Debt Matters: A company won't get struck off or dissolved if there's outstanding debt. Creditors can object, halting the process. Especially true for Bounce Back Loan (BBL) holders—banks are instructed to object, and a 2021 law change holds directors accountable. 🔍 Government Crackdown: The UK government is serious about directors dissolving companies to dodge debts. Liquidation is often the responsible and correct action. 🔄 Consequences of Striking Off: A struck-off company can be restored by creditors, leading to compulsory liquidation. Directors may face serious consequences—large fines and, in extreme cases, imprisonment. 🔍 Seek Expert Advice: Confused about the right decision for your business? Our knowledgeable and friendly team is here to discuss the options available. Contact us via email mail@simpleliquidation.co.uk or call 0800 246 5895. 📱 #SimpleLiquidation #Liquidation #Insolvency #StrikeOff

📣UK business insolvency data come out yesterday and offered some further positive signs that we're reaching or even passing the peak period of business failures in this economic cycle. 🔎Yday's insolvency data came in below the expectations of most and showed that the trending rate of insolvencies is starting to flatline, while the rate of appointing administrators and liquidators (a precursor to insolvency) appears to be starting to trend down.💪 🤞Let's hope more lenders and investors can leverage this kind of data to replace the funding support that legacy incumbents continue to withdraw. #CreditRisk #BusinessLending #CreditInsurance

Every decision has an equal & opposite benefit. A valuable dose of knowledge & deeper understanding. Tune in to know more about the world of insolvency. . . . #insolvency #restructuring #business #bankruptcy #liquidation #insolvencynews #debt #finance #insolvencylaw #insolvencyupdates

The recent case of Invest Bank P.S.C. provided two important clarifications to allegations concerning section 423 of the Insolvency Act 1986. The key points, which may impact claims under sections 238 and 239, relate to a director's personal liability for transactions defrauding creditors and the definition of "transaction". Albert McClelland has all the details👉 https://ow.ly/h1ZZ50PCw6l #DisputeResolution | #Insolvency | #LegalUpdates | #CorporateLiability

A pivotal role in managing and resolving financial crises within a business. RPs signify a commitment to addressing insolvency issues effectively and professionally. A valuable dose of knowledge & deeper understanding. Tune in to know more about the world of insolvency. . . . #insolvency #restructuring #business #bankruptcy #liquidation #insolvencynews #debt #finance #insolvencylaw #insolvencyupdates

Insolvency Resolution Entity & Professional With the help of our knowledgeable Insolvency Resolution Entity and Professional services, you can build up financial strength and move toward a better financial future by navigating difficult financial obstacles with ease. For more details, please visit our website: https://libord.in/ #irp #professional # #insolvency #restructuring #business #bankruptcy #liquidation #insolvencynews #debt #finance #insolvencylaw #insolvencyupdates #businessrecovery #lawyers #finances #law #ibc #insolvencyresolution #liquidationprocess #corporateInsolvency #nclt #libord

What is the IIR - Individual Insolvency Register 📑 The Individual Insolvency Register (IIR) holds details of individuals in England & Wales. It combines individual insolvency, bankruptcy restrictions, and debt relief. A valuable due diligence tool, it aids in background checks. Middlebrooks recommends utilising the IIR for thorough client assessments. Get in touch 👉 https://lnkd.in/d837zMv #middlebrooks #insolvency #advice #finance #debt #recovery

Key Points: Establishes the Insolvency and Bankruptcy Board (IBBI): Regulates insolvency professionals, oversees the insolvency process, and promotes awareness. Introduces the Corporate Insolvency Resolution Process (CIRP): A time-bound process (usually 180 days) for reviving financially distressed companies. Empowers creditors: Financial creditors (banks, etc.) can initiate CIRP against a corporate debtor. Focuses on maximizing value: Aims to salvage the company as a going concern whenever possible to recover maximum value for creditors and stakeholders. Defines order of priority for debt repayment: Ensures a fair and transparent process for settling outstanding debts. Provides for Liquidation: If CIRP fails, the company's assets are liquidated to repay creditors. Benefits: Improves credit discipline: Encourages timely repayment of debts. Promotes ease of doing business: Facilitates faster and more efficient resolution of insolvency. Attracts investments: Offers a stable and predictable legal framework for investors. https://lnkd.in/gWHzZbvK

Pretty shuffed to be ranked among the best law firms for #privateequity and #restructuring and #insolvency for the #UK and #France https://lnkd.in/euDi5duH https://lnkd.in/eaG9h6MG We work our asses off, and it's paying off! #finance #banking #VentureCapital