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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.
Employees Rights When Insolvency Strikes When a Company closes the doors for the last time, the employees receive notice from the Insolvency Practitioner to advise them that they are being made redundant and that they have to complete an ominous redundancy booklet. The staff may feel betrayed by the directors, who most of the time…
“Illegal dividends to Directors, when insolvency occurs“ In this present time of uncertainty, with most companies having severe cash flow problems, it is worth pointing out that when a company goes into liquidation, HMRC are now looking at recuperating monies to creditors by looking at illegal dividends taken by directors in the period prior to…
Requests from Office Holders for Information When a company enters into Liquidation, more than likely the accountant is left with boxes full of information and outstanding fees, with no indication as to how they are to proceed. The accountant will hardly ever get any assistance, on how to deal with company assets. The powers available…
“Solvent Companies – End of the line for ESC C16?” As a Licensed Insolvency Practitioner, on a daily basis I have to deal with both corporate and personal clients that have financial problems and need guidance on how to deal with their financial affairs and how they should best protect themselves from the pitfalls that…
“Time to Pay” – Is time running out? During this recessionary period many companies and sole traders have accrued liabilities to HM Revenue & Customs, as they have cash flow problems and when it comes to paying the PAYE/NIC and VAT, there is little or not enough monies in the bank account to settle the…
Disqualified Directors, Are they named and shamed and hung, drawn and quartered? Disqualified Directors, Are they named and shamed and hung, drawn and quartered? It is very easy to set up a limited company and they can be bought “off the shelf” in a matter of minutes, but do the new directors understand The Companies…