Businesses re-opening – Resilience and the Road to Recovery
28 April 2020: As Matt Hancock, Secretary of State for Health and Social Care, announces that he is happy with some businesses re-opening, decision making...
Continue ReadingFreeing up cash in a Company Voluntary Arrangement (“CVA”)
21 April 2020: At BRI Business Recovery and Insolvency we recently approached a client of ours that is in a CVA to discuss the impact...
Continue ReadingThe suspension of the Wrongful Trading provision – What is Wrongful Trading?
15 April 2020: The law states “where a director knew, or ought to have concluded that there was no reasonable prospect that the company would...
Continue ReadingFurther update on winding-up petitions
9 April 2020: Winding-up hearings are no longer being adjourned: The Insolvency and Companies Court has responded rapidly to the current situation and intends to...
Continue ReadingCOVID-19 and cash flow
8 April 2020: During these unprecedented times, cash flow management is key for businesses to survive. Collecting the outstanding monies owed to the company may...
Continue ReadingCovid-19 and director’s loan accounts
2 April 2020: A director’s loan account records the amount of money that is owed to the company by its director(s) or vice versa. When...
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