Articles, tagged with "insolvency act", page 1
Want to Whitewash Your BIMBO? A Business Sale Phrase Book - 2 Grooming to Yield
Like any other area of activity, dealing with businesses for sale or finding the value of a business have their own jargon. These articles are designed to give brief plain English and practical explanations for some of the common terms used, from Grooming...
Points One Must Know About Bankruptcy Procedures
There are several ways to find relief when you are not able to make debt repayments to your creditors. However, if you are facing extremely serious financial constraints, even solutions such as debt settlement might not work for you. The only alternative ...
The Complete Mortgage Guide - Part 2 - Bankruptcy Mortgages | Bridging Loans | Buy to Let Mortgages
Bankruptcy Mortgages explained
Under the Insolvency Act of 1986, Bankruptcy applies to any individual debtor who is unable to repay their debts within a given time. If you are declared Bankrupt and need a Bankruptcy mortgage from a professional Bankruptc...
The Truth About Bankruptcy Mortgages
The Truth About Bankruptcy Mortgages
Under the Insolvency Act of 1986, Bankruptcy applies to any individual debtor who is unable to repay their debts within a given time. If you are declared Bankrupt and need a Bankruptcy mortgage from a professional B...
Individual Voluntary Arrangement And You
Between debtors and creditors, an Individual Voluntary Arrangement or IVA is an agreement. For people who are leading towards bankruptcy, it is an alternative for them. IVA is different from bankruptcy that looked upon as a stigma in the society. Generall...
Is Your Business Solvent or Insolvent
Starting and running a business in these troubled economic times is difficult to say the least. Often concerned companies are simply trying to hold on until the economy turns around or until their big break comes. Does this mindset describe your attitud...
More Information About IVA
IVA stands for Individual Voluntary Arrangement.IVA is a lawfully obligatory between two parties a debtor and his creditors. To personal bankruptcy,IVA is a viable option as both the debtor and creditor will receive a better deal. The main purpose of it i...
Get an Individual Voluntary Arrangement in Five Steps
If you are overwhelmed by debts and can’t see a way out from under them, you might be eligible for an IVA, or Individual Voluntary Arrangement. The IVA is a formal and legal agreement between you and your creditors that freezes interest, sets lower month...
What is an IVA and Are You Eligible?
Individual voluntary arrangements were introduced as an alternative to bankruptcy for citizens of the United Kingdom in the 1986 Insolvency Act. In an IVA, debtors and creditors come to an arrangement that freezes interest, lowers monthly payments, and s...
3 Powerful Alternatives To Personal Bankruptcy
Britain is drowning in personal debt. Figures from Credit Action, the national money education charity, suggest that as of July 2010 the UK's total personal debt stood at almost £1.5trillion, or to put it another way, individuals now owe more than the ...
Forensic Accounting Is A Specialist Skill
The work of professional forensic accountants is mainly focused on enabling lawyers, insurance companies and other clients to resolve disputes. Equally important is the ability to communicate any relevant financial information in as clear and concise a wa...
A BALANCING ACT
Administrators now have the power to transfer shares in the absence of shareholders’ approval pursuant to Sec.444GA of the Corporations Amendment (Insolvency) Act 2007 (Amendment Act) (the Act).
Before the advent of Sec.444GA, an earlier case cast dou...
Company Voluntary Arrangements (CVAs), The Pros And Cons
Company Voluntary Arrangements (CVAs) are one of the Insolvency Act's business rescue procedures. A bit like Chapter 11 in the US, they are intended to provide a flexible way of restructuring a troubled business which will lead to a better outcome for cre...
What is a Prepack Administration?
Administrations are intended to be one of the Insolvency Act's business rescue procedures, but given the impact they have on Administration creditors they are often perceived as simply another insolvency process; whilst the increasing use of prepack admin...
When To Call The Bankruptcy Companies
The involvement in a company's affairs of the 'bankruptcy companies' run by insolvency practitioners (or 'IPs') is often feared by businesses and their owners as the beginning of the end. But in fact some of the Insolvency Act's procedures are designed to...