Menzies LLP Creditor Services team discuss the future of the Company Voluntary Arrangement (CVA) as an insolvency process and the impact it can have on different groups of creditors.
If you are owed money, our Corporate Partner Menzies LLP are here to offer help and advice. Use the Creditor Claim Form to get in touch with an expert.
In this week’s guest blog, the Menzies LLP Creditor Services team highlight the areas you should be looking for on receipt of insolvency paperwork and, most importantly, whether there will be a dividend.
With fears that insolvencies are set to rise this year once Government support is withdrawn and businesses must ‘stand on their own two feet’, it is important to understand what options are available to creditors to maximise their recovery of undisputed debts.
Menzies LLP Creditor Services team look at the changing economic landscape, alongside Small & Medium sized Businesses’ (“SMB”) debt statistics. What will happen as Government support reduces?
In this week’s guest blog from Menzies LLP, Bethan Evans, Head of Menzies Creditor Services, discusses the pitfalls that you should avoid as we emerge from lockdown.
After insolvencies have been falling in 2020 due to support measures and the impossibility for creditors to open proceedings, the number of insolvencies is expected to rise sharply in 2021. Average DSO has already increased to 53 days in the UK, which is perceived as a result of high value unpaid invoices.
Insolvency refers to a financial state in which an individual, business, or entity cannot meet its financial obligations and liabilities as they become due. It's essentially a state of financial distress when assets fall short of the liabilities, making it challenging to honour financial commitments.
