Can you write off a Bounce Back (BBL) Loan?
| 01-06-2021Yes, a Bounce Back Loan (BBL) can be written off during a formal insolvency procedure such as a Creditors Voluntary Liquidation (CVL), or Administration...
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How does HMRC’s move to preferential creditor impact directors?
| 27-05-2021HMRC have become a preferential creditor again, which will see them get paid as one of the first creditors during an insolvency procedure.
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I can’t pay my PAYE tax bill – What are my options?
| 24-05-2021As an employer, you have a duty to collect PAYE from your employee’s salary payments to HMRC. If you ca't pay your PAYE tax bill, it could mean bigger problems.
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What debts can be included in an IVA?
|An IVA is popular for individuals struggling with debt, but you should consider the type of debt you have and if those debts can be included in an IVA.
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When Do I Have to Repay My Bounce Back Loan?
| 21-05-2021Bounce back loans were introduced in 2020, offering no repayments due for a year. Now, business owners may ask 'when do I have to repay my bounce back loan?'
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Insolvency Service to gain new powers to investigate dissolved company directors
| 17-05-2021A bill is being voted on that will grant the Insolvency Service new powers to investigate dissolved company directors who've failed their directorial duties.
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