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
| 31-08-2021The process to wind up and close your company depends on whether the company is solvent or insolvent.
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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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