Posts Tagged ‘corporate debt’

what is a zombie company?

What is a Zombie Company?

A zombie company is simply a company that is neither dead or alive. In other words, it is so overwhelmed by debt that any cash generated is being used to pay off the interest on the debt owed to creditors. In many cases the debt is not being reduced. With this, the majority of ‘Zombie’…

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A Guide to Director’s Personal Guarantees

A Guide to Director’s Personal Guarantees

A Guide to Director’s Personal Guarantees What is a personal guarantee? Why would I need one? At the height of the business boom, banks were often very happy to provide loans to companies. They often required the directors of these businesses to sign an agreement, stating that in case of the company being unable to…

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Aggressive Creditors & Liabilities: Rethink & Refinance

Aggressive Creditors & Liabilities: Rethink & Refinance

Aggressive Creditors & Liabilities: Rethink & Refinance Under the provisions of the Insolvency Act 1986, a company and its Directors need to be careful when continuing to trade knowing the company is insolvent. In basic terms, once realising a company is insolvent, Directors are deemed to be personally liable for increasing debts from the point that…

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property associated debt

FIXED CHARGED RECEIVERS OVERVIEW

For Corporate clients or those suffering business debt issues you may have been advised by a Bank that if your account is not rectified and arrears reduced then a Fixed Charge Receiver may be appointed. Fixed Charge Receivers are appointed once a Banking Institution has chosen to proceed to Recovery on a connection.  FCR are…

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