Debbie Cockerton currently writes monthly articles for the Independent Certified Practising Accountant (ICPA) newsletter covering all insolvency areas.

Copies of these articles can be found below.

Should you require any further information on any matters discussed in these articles please do not hesitate to contact us.

How Do I Know If My Company Is Insolvent?

Is My Company Insolvent? The Cashflow Test Can the company pay its debts as they fall due for payment? For example, if your trade creditors sell to you on say 30 days terms and you regularly pay on 60 days, then your company could be insolvent. A director has a legal responsibility to the company…

What is a Statutory Demand?

What is a Statutory Demand? A Statutory Demand is a formal demand for payment which is sent by a creditor either as a scare tactic or a pre-requisite to wind up a company (Corporate) or to make someone bankrupt (Personal). The form allows for the period of 21 days from the demand being served to…

Voluntary vs Compulsory Liquidation

Running a business can be very rewarding but also hard work and requires a lot of effort and commitment from the directors of the Company to keep the business alive. The directors should always be aware of their obligations to the Company and should decide to seek financial advice as soon as possible if they…

Sharp Rise in March 2016 Liquidation Figures

A recent report by R3 has shown that the number of solvent liquidations was nearly triple that in March 2015, rising from 992 to 2,663, with the monthly average for the 12 months prior to March 2016 being 768. The number of solvent liquidations began to rise at the end of 2015 when the new…

Directors Offences in Liquidation

Directors Offences in Liquidation When a company is placed into liquidation, either via a Creditors Voluntary Liquidation or a Compulsory Liquidation, the conduct of the directors will form an integral part of the investigations made by the office holder. Most directors are not even aware of their duties as a director of a limited company…

Variation Meetings for IVA’s

Variation Meetings for IVA’s An Individual Voluntary Arrangement (IVA) is a debt solution available in England, Wales and Northern Ireland and is available for individuals who have a minimum debt value of £4,000. An IVA is a legally bound agreement between the individual and their creditors with the debtor having a duty to adhere to…