RSS feed for Cooper Matthews News and Articles about Business Debt Rescue, Company Debt, Corporate Debt, Liquidation, Pre Pack Administration, Company Bankruptcy, Company Voluntary Arrangements and general Insolvency http://coopermatthews.com/articles.html Cooper Matthews Limited en-gb Thu, 22 Jul 2010 14:45:10 +0100 Thu, 22 Jul 2010 14:45:10 +0100 Peter Farrant http://coopermatthews.com With increasing numbers of directors being disqualified we look at steps you can take to avoid being one of those. http://coopermatthews.com/articles/2010/avoid-director-disqualification.html http://coopermatthews.com/articles/2010/avoid-director-disqualification.html Thu, 22 Jul 2010 14:45:10 +0100 There are a number of business debt rescue options available. For those who have been tipped over the edge the Company Voluntary Arrangement may be the best company debt solution in the world for them http://coopermatthews.com/articles/2010/CVA--Probably-the-best-company-debt-solution-in-the-world.html http://coopermatthews.com/articles/2010/CVA--Probably-the-best-company-debt-solution-in-the-world.html Thu, 15 Jul 2010 11:45:10 +0100 We look at the downsides to a Company Voluntary Arrangement to help you consider if it is the right business debt rescue solution for your situation http://coopermatthews.com/articles/2010/Why-not-to-do-a-Company-Voluntary-Arrangement-to-solve-company-financial-problems.html http://coopermatthews.com/articles/2010/Why-not-to-do-a-Company-Voluntary-Arrangement-to-solve-company-financial-problems.html Fri, 09 Jul 2010 11:15:10 +0100 In the current tough trading conditions do not hang on hoping for a miracle to solve your cashflow problems. Act now and see if a CVA is the business rescue solution for you. http://coopermatthews.com/articles/2010/Advantages-of-a-CVA-to-solve-business-debt.html http://coopermatthews.com/articles/2010/Advantages-of-a-CVA-to-solve-business-debt.html Fri, 02 Jul 2010 12:15:10 +0100 The economic downturn that caused your company debt problems also makes the CVA insolvency solution more favourable to solve them. http://coopermatthews.com/articles/2010/CVA-The-forgotten-solution-to-company-money-problems.html http://coopermatthews.com/articles/2010/CVA-The-forgotten-solution-to-company-money-problems.html Tue, 29 Jun 2010 11:15:10 +0100 The number of company failures in 2010 is not as high as predicted, but it is far from plain sailing for many companies. What steps can you take to ensure you are not one of the statistics? http://coopermatthews.com/articles/2010/Business-failures-decreasing-but-not-out-of-the-woods-yet.html http://coopermatthews.com/articles/2010/Business-failures-decreasing-but-not-out-of-the-woods-yet.html Thu, 24 Jun 2010 11:15:10 +0100 It is very important to understand that choosing the right debt solution does not just depend on whether you are a homeowner or not. http://coopermatthews.com/articles/2010/I-am-renting-and-have-debt-problems--what-is-the-best-debt-solution-for-me.html http://coopermatthews.com/articles/2010/I-am-renting-and-have-debt-problems--what-is-the-best-debt-solution-for-me.html Mon, 07 Jun 2010 17:17:17 +0100 With the summer holiday season ready to start we consider whether it is right to spend time and money taking a break if you are in an individual voluntary arrangement. http://coopermatthews.com/articles/2010/Can-I-go-on-holiday-while-I-am-in-an-IVA.html http://coopermatthews.com/articles/2010/Can-I-go-on-holiday-while-I-am-in-an-IVA.html Fri, 04 Jun 2010 15:41:10 +0100 Child trust funds are to be scrapped by the government from January 1st 2011. We consider how you can save for your child's future. http://coopermatthews.com/articles/2010/The-scrapping-of-child-trust-funds-hands-back-the-burden-of-saving-to-parents.html http://coopermatthews.com/articles/2010/The-scrapping-of-child-trust-funds-hands-back-the-burden-of-saving-to-parents.html Thu, 27 May 2010 15:41:10 +0100 Home information packs (HIPs) are no longer required to sell a home and as a result thousands of people may lose their jobs or see reductions in their income. We consider the options for people whose livelihoods have been affected. http://coopermatthews.com/articles/2010/My-home-information-pack-HIPs-business-is-in-trouble--what-can-I-do.html http://coopermatthews.com/articles/2010/My-home-information-pack-HIPs-business-is-in-trouble--what-can-I-do.html Tue, 25 May 2010 13:41:10 +0100 People who are struggling to pay personal debts are often worried about bankruptcy. But how likely is it that one of your creditors will force you down the bankruptcy route? http://coopermatthews.com/articles/2010/Will-my-creditors-make-me-bankrupt.html http://coopermatthews.com/articles/2010/Will-my-creditors-make-me-bankrupt.html Mon, 24 May 2010 20:41:10 +0100 As a tenant is it better for an individual in serious debt to declare bankruptcy or undertake an individual voluntary arrangement? http://coopermatthews.com/articles/2010/I-am-renting-and-cannot-pay-my-debts-should-I-declare-bankruptcy-or-do-an-IVA.html http://coopermatthews.com/articles/2010/I-am-renting-and-cannot-pay-my-debts-should-I-declare-bankruptcy-or-do-an-IVA.html Fri, 21 May 2010 10:41:10 +0100 When mortgage rates start to increase significant numbers of people will struggle to keep up with mortgage repayments: What can you do? http://coopermatthews.com/articles/2010/How-will-I-pay-my-mortgage-if-interest-rates-rise.html http://coopermatthews.com/articles/2010/How-will-I-pay-my-mortgage-if-interest-rates-rise.html Thu, 20 May 2010 17:01:10 +0100 If your company has received a winding up petition you need to take action quickly or the business will be closed. We explore whether pre pack administration can be used to overcome this problem. http://coopermatthews.com/articles/2010/Can-I-stop-winding-up-using-pre-pack-administration.html http://coopermatthews.com/articles/2010/Can-I-stop-winding-up-using-pre-pack-administration.html Wed, 19 May 2010 23:03:20 +0100 A Company Voluntary Arrangement will immediately reduce the monthly payments rather than simply delaying the payment of outstanding debt. http://coopermatthews.com/articles/2010/Avoid-having-to-defer-tax-debts-by-using-a-CVA.html http://coopermatthews.com/articles/2010/Avoid-having-to-defer-tax-debts-by-using-a-CVA.html Thu, 13 May 2010 15:03:20 +0100 Charging orders are increasingly being used by banks to secure personal debts which have fallen into arrears. But should homeowners worry that this will make it more difficult to sell their homes? http://coopermatthews.com/articles/2010/If-I-have-a-charging-order-can-I-sell-my-house.html http://coopermatthews.com/articles/2010/If-I-have-a-charging-order-can-I-sell-my-house.html Tue, 11 May 2010 19:13:20 +0100 Company closure due to bad debts fell to the lowest level for a year in the first quarter of 2010. However, there may still be bad news to come for wages and jobs. http://coopermatthews.com/articles/2010/Reduction-in-company-failures-may-not-mean-improvements-for-jobs-and-wages.html http://coopermatthews.com/articles/2010/Reduction-in-company-failures-may-not-mean-improvements-for-jobs-and-wages.html Mon, 10 May 2010 19:13:20 +0100 The number of people declared formally insolvent reached the highest levels since records began in the first quarter of 2010. However, the real picture is much worse. http://coopermatthews.com/articles/2010/Personal-insolvency-figures-reach-new-highs-with-no-end-in-sight.html http://coopermatthews.com/articles/2010/Personal-insolvency-figures-reach-new-highs-with-no-end-in-sight.html Mon, 10 May 2010 09:13:20 +0100 If the monthly amount for an Individual Voluntary Arrangement looks more than you can afford, do not discard the IVA solution. You could well afford it by taking a different look at some of your expenses. http://coopermatthews.com/articles/2010/Tips-on-how-to-afford-the-payments-required-for-an-IVA.html http://coopermatthews.com/articles/2010/Tips-on-how-to-afford-the-payments-required-for-an-IVA.html Thu, 06 May 2010 18:00:01 +0100 Once a company is put into liquidation, leasing agreements will normally be broken and vehicles returned. However, there may be ways to keep them if required for a new business. http://coopermatthews.com/articles/2010/What-happens-to-vehicle-leases-after-liquidation.html http://coopermatthews.com/articles/2010/What-happens-to-vehicle-leases-after-liquidation.html Wed, 05 May 2010 17:00:01 +0100 A debt management plan can give immediate relief from a debt problem. However once the dust settles, the option of changing to an IVA may bring significant advantages. http://coopermatthews.com/articles/2010/Can-I-change-from-a-debt-management-plan-to-an-IVA.html http://coopermatthews.com/articles/2010/Can-I-change-from-a-debt-management-plan-to-an-IVA.html Wed, 05 May 2010 10:10:01 +0100 Despite signs of economic recovery, the number of individuals who are facing personal financial disaster is set to continue and likely to be the highest recorded since records began. http://coopermatthews.com/articles/2010/Personal-insolvency-set-to-be-the-highest-since-records-began.html http://coopermatthews.com/articles/2010/Personal-insolvency-set-to-be-the-highest-since-records-began.html Tue, 04 May 2010 10:00:01 +0100 If a winding up petition if issued, this could have a catastrophic effect on a company often resulting in its closure and the investigation of its directors. We investigate who can issue such a petition and if a winding up order might be granted. http://coopermatthews.com/articles/2010/Who-can-issue-a-winding-up-petition.html http://coopermatthews.com/articles/2010/Who-can-issue-a-winding-up-petition.html Thu, 29 Apr 2010 23:45:10 +0100 Four Simple Steps to get your debts under control. Taking the time to manage your money using some simple techniques can keep your finances under control and prevent debts getting out of hand. http://coopermatthews.com/articles/2010/Beat-debt-using-some-simple-money-management-techniques.html http://coopermatthews.com/articles/2010/Beat-debt-using-some-simple-money-management-techniques.html Wed, 28 Apr 2010 21:13:13 +0000 If you have a car on hire purchase, this will have significant implications if you wish to carry out an IVA. We investigate these and whether you will be able to keep your car. http://coopermatthews.com/articles/2010/What-happens-to-my-car-HP-if-I-do-an-IVA.html http://coopermatthews.com/articles/2010/What-happens-to-my-car-HP-if-I-do-an-IVA.html Tue, 27 Apr 2010 19:13:13 +0000 Allowing a company to continue to trade while insolvent can lead to the directors being accused of wrongful trading and held liable for company debts. Being issued with a county court judgement could be evidence of this. What should you do to avoid this? http://coopermatthews.com/articles/2010/If-my-company-continues-to-trade-with-a-county-court-judgement-is-this-fraudulent.html http://coopermatthews.com/articles/2010/If-my-company-continues-to-trade-with-a-county-court-judgement-is-this-fraudulent.html Mon, 26 Apr 2010 13:45:10 +0100 If you have any joint debts and you declare bankruptcy, the other joint account holder will automatically become responsible for paying the full outstanding balance. http://coopermatthews.com/articles/2010/If-I-declare-bankruptcy-what-happens-to-my-joint-debts.html http://coopermatthews.com/articles/2010/If-I-declare-bankruptcy-what-happens-to-my-joint-debts.html Thu, 22 Apr 2010 19:45:10 +0100 Company voluntary arrangements are used widely to save businesses in financial difficulty. However before going ahead with this type of solution, directors should be fully aware of the potential pitfalls http://coopermatthews.com/articles/2010/What-are-the-downsides-to-doing-a-Company-Voluntary-Arrangement.html http://coopermatthews.com/articles/2010/What-are-the-downsides-to-doing-a-Company-Voluntary-Arrangement.html Wed, 21 Apr 2010 13:45:10 +0100 You may have to open a new bank account if you start an individual voluntary arrangement. However, this process is not as daunting as it may first seem. http://coopermatthews.com/articles/2010/What-happens-to-my-bank-account-if-I-do-an-IVA.html http://coopermatthews.com/articles/2010/What-happens-to-my-bank-account-if-I-do-an-IVA.html Tue, 20 Apr 2010 20:15:10 +0100 A company director can resolve a personal debt problem using an individual voluntary arrangement. However, care should be taken if the company bank account is held at the same bank. http://coopermatthews.com/articles/2010/If-I-do-an-IVA-will-my-company-credit-rating-be-affected.html http://coopermatthews.com/articles/2010/If-I-do-an-IVA-will-my-company-credit-rating-be-affected.html Mon, 19 Apr 2010 13:15:10 +0100 Debt management plans are used by thousands every month to tackle personal debt problems. But beware, if interest and late payment charges are not stopped, your balances could continue to increase every month http://coopermatthews.com/articles/2010/Will-interest-charges-be-stopped-if-I-do-a-debt-management-plan.html http://coopermatthews.com/articles/2010/Will-interest-charges-be-stopped-if-I-do-a-debt-management-plan.html Mon, 19 Apr 2010 10:15:10 +0100