Summary of remedies available on tenant Insolvency Potential options Administration Voluntary Liquidation Compulsory Liquidation CVA/IVA Distraint for rent Prohibited Possible Prohibited without permission of the Court Prohibited if landlord...
Read more...1. Management Information Ensure you have some and that you understand what it means. At the very least ensure that you know what cash you have in the bank, your debtors and your creditors at any point in time. Employ a bookkeeper if...
Read more...For Other Advisors We work closely with many other professional advisors. If you are an accountant, solicitor, bank, IFA or other professional Bretts Business Recovery will be happy to speak with you to discuss any client problems. Bretts also help...
Read more...Advice for Directors When a company becomes insolvent the directors, if continuing to trade, need to do so with care to avoid any claim for Wrongful Trading being brought against them. Bretts Business Recovery can advise on the legal and fiduciary...
Read more...Help for Businesses Whether you need help turning around a financially stressed business or require a more formal insolvency procedure, Bretts Business Recovery will undertake a review of your business and recommend a solution. Initial consultation...
Read more...Help for Individuals Everyone’s circumstances are different and may require different solutions. We offer professional yet friendly advice and explain the options available to you. Initial consultation is without charge. Learn...
Read more...If rent falls due during an administration it qualifies as an administration expense which must be paid in full before the creditors’ claims are dealt with. This expense may be avoided if the Company files for Administration immediately after...
Read more...In many cases Administration leads to the sale of the company’s assets on a going concern basis. The sale of the company’s assets may be agreed before the company goes into Administration and completed immediately after the commencement of the...
Read more...If you do not pay your taxes HM Revenue and Customs will consider taking enforcement action as detailed below: Legally taking possession of goods (Distraint) - possession of goods for sale at public auction, Summary Proceedings in the...
Read more...County Court Bailiffs are actually civil servants who are employed by HM Courts Service. Their main role is to enforce County Court Judgments and Orders and although the majority of their work involves actions for recovery of debt, they are also...
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