VOSCAP NEWS
A Guide to Restructuring Plans: When Might They Be Appropriate?
In the evolving business environment, companies may face financial challenges that require strategic solutions. A restructuring plan, introduced under the Corporate Insolvency and Governance Act 2020, offers a legal framework for companies to reorganize their debts and operations, aiming to restore financial stability. This article explores the nature of restructuring plans, identifying scenarios where they are appropriate, such as significant financial distress, viable core business models, complex debt structures, and the need to avoid insolvency. It also delves into key considerations for implementation, including stakeholder engagement, professional advice, feasibility assessments, and the necessity of court approval. Understanding these elements is crucial for business owners contemplating restructuring as a pathway to recovery.
What Happens to my Spouse’s Debts When They Die? Everything to Know About Administering an Insolvent Estate.
Losing a spouse is challenging, and navigating their outstanding debts can add to the stress, especially if their estate is insolvent. This guide explains your responsibilities, the process of administering an insolvent estate, and how to protect yourself from personal liability. Learn about assessing the estate's financial position, notifying creditors, and the importance of seeking professional advice to manage these complexities effectively.
What Does it Mean if HMRC Issues an Accelerated Payment Notice?
If you’ve received an Accelerated Payment Notice (APN) from HMRC, it’s crucial to understand its implications. This guide explains what an APN means for your business, how to respond effectively, and the financial consequences of ignoring the notice. Learn how to protect your business, meet HMRC deadlines, and avoid further penalties with expert advice on managing tax disputes.
Is It Time to Engage an Insolvency Practitioner?
Seeking the help of a licensed insolvency practitioner (IP) may very well prove to be a prudent decision when your business is faced with financial troubles, in which case it would be wise to take action sooner rather than later.
-
PHONE US
Our experts are ready to provide clear, confidential advice tailored to your situation. Call us today to get started instantly.
-
EMAIL US
Our dedicated team is ready to respond quickly, providing the expert advice and support you need to move forward with confidence.
-
60 SECOND LIQUIDATION TEST
Find out if liquidation is the right solution for your business with our quick and easy online assessment.
ABOUT VOSCAP
Voscap’s primary objective is to save your business. Our team of experts’ knowledge in restructuring and turnaround assignments is invaluable when assessing the best option available to your needs. With experience spanning several decades, we have the skill and resources to provide viable solutions within all industry sectors. All organisations go through difficult times and we are here to help. From small to multi-million turnover businesses, we have dealt with the most complex of cases. We offer an initial free assessment in analysing your financial position and providing clear and precise advice making your experience a simple non-complicated process.