Can I close and liquidate my company with a Bounce Back Loan (BBL)?
| 01-10-2021Yes, it is possible to liquidate a company with a Bounce Back Loan. An unpaid BBL is an unsecured debt, which can be included in a liquidation procedure.
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Winding-up petitions return – Government remove WUP restrictions
| 29-09-2021ith the extended restrictions on creditor enforcement action set to lift on 30th September, winding-up petitions (WUPs) are set to once again be used by creditors.
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Coronavirus Support is Changing
|While the furlough scheme is winding down, the government's coronavirus support is changing rather than ending. Support for struggling businesses won’t disappear.
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How to wind up & close your limited company
| 31-08-2021To wind up and close your limited company, the process depends on if the company is solvent or insolvent. Solvent companies can close via dissolution or an MVL while insolvent companies must close via a formal CVL.
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Will an Individual Voluntary Arrangement protect my home?
| 25-08-2021An IVA is a formal repayment plan between an individual and their creditors, allowing affordable monthly repayments But will an IVA protect your home?
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Can I close and liquidate a company with debts and start again?
| 20-08-2021Yes, it is possible for you, as a director, to close and liquidate a company and then start a new one. A company liquidation typically has no legal bearing on setting up a new one.
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