Directors at War Case Study

Silhouettes of two people having argument

Business with Directors at War Type of Work: Arbitration and Distribution of Cash/Assets to Shareholders Overview Following the breakdown of the professional/working relationship between two directors and equal shareholders of a company, their accountant introduced them to My Insolvency. They wanted to discuss the options available to the business, its directors and shareholders. The directors […]

Personal Guarantee Case Study

Close up image of fuse box

Company: Electrical Engineering Business Type of Work: Personal Guarantees Overview Our clients were the former directors of an electrical engineering company that was forced into an insolvency procedure, following a couple of its major customers going bust. The company‚Äôs cash flow was instantly crippled by the hole caused by the down fall of its customers, […]

Understanding The Administration Process

3D chart graphic

Placing a company into administration is often a complex process and it is vital for every business owner to understand how it all works. To begin with, a Licensed Insolvency Practitioner is appointed as Administrator to the company. This appointment may be by: Any creditor The holder of a Qualifying Floating Charge (or QFC), such […]