STATUTORY REMEDIES AVAILABLE TO BUSINESSES

STATUTORY REMEDIES AVAILABLE TO BUSINESSES

STATUTORY REMEDIES AVAILABLE TO BUSINESSES IN THE EVENT OF FINANCIAL DIFFICULTIES ARISING STATUTORY REMEDIES AVAILABLE TO INDIVIDUALS OPERATING THE BUSINESS ARE BY VIRTUE OF THE PROVISIONS OF THE BANKRUPTCY ACT An individual who operates a business which finds itself in financial difficulty can make arrangements under Part 10 of the Bankruptcy Act. Put simply, the individual simply appoints a Bankruptcy […]

Warning Signs

Warning Signs

SOME OF THE WARNING SIGNS Large debtors fail to pay Debt collection processes must be commenced and it may become appropriate to appoint an administrator where the company is not actually insolvent but may become insolvent and in a situation where degradation of the cash flows is likely to bring the company to insolvency. Running […]