County Court Judgement Meaning: Key Facts for UK Debtors County Court Judgement Explained A County Court Judgement (CCJ) is a formal court decision regarding debt repayment in England and Wales. It carries significant implications for your credit rating and financial future. Definition and Overview A CCJ is a court order issued when you fail to [...]
Licensed IPs (Insolvency Practitioners): What You Need to Know When your business faces financial difficulties, a Licensed Insolvency Practitioner (IP) can provide expert guidance to help you manage the complex options available and ensure compliance. What is a Licensed IP? A Licensed Insolvency Practitioner is a qualified professional authorised to act in relation to insolvent [...]
What to Do When You Can't Pay Your Tax Bill: Immediate Steps Don't Ignore the Problem The worst approach when you can't pay tax is ignoring HMRC communications. HMRC is relentless in their pursuit of tax debts and has significant enforcement powers at their disposal. Failing to meet your obligations will initially result in financial [...]
Dealing with Business Debt: How to Wind Up Your Own Company: A Guide for Directors and Shareholders on Liquidation Procedures This guide is designed for directors and shareholders who need clear, practical advice on winding up a limited company. It provides step-by-step information about liquidation procedures, including the roles and responsibilities of directors, what to [...]
Eligibility Criteria for Striking Off a Company: Do You Qualify? Essential Requirements Explained To qualify for a voluntary strike off, your company must meet specific criteria related to trading status and financial obligations. These requirements are designed to ensure that the process is carried out properly and legally, protecting the interests of creditors, shareholders, and [...]