Tag Archive | "Insolvency Practitioner"

What is Insolvency and How Do Businesses Deal with It?

Friday, October 26, 2012

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Insolvency is a very serious situation for any business to be in. It means that it no longer has the ability to pay debts. In many places, continuing to run an insolvent business is against the law, as it can further increase financial difficulties. Having said that, if there is any reasonable way that the […]

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Avoiding Bankruptcy – Three Recovery Procedures That Really Work

Sunday, September 30, 2012

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Image Credit: Creative Commons – VectorPortal.com Going bankrupt can seriously affect your financial reputation, making it extremely difficult to obtain approval for any type of loan, and possibly hindering your chances of finding future employment. After being declared bankrupt you’ll lose control of your assets and can no longer act as a company director or […]

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