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Bankruptcy and Liquidation
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All about companies in liquidation and bankrupt stock
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There were 19 articles found in this category:
 What is a High Court Enforcement Officer?
High Court Enforcement Officers are appointed by the courts. They are able to provide effective, ethical enforcement of judgements and orders upon the instruction of clients through the county court or High Court of England and Wales. They are authorised to act on behalf of the Lord Chancel ...
- What is a High Court Enforcement Officer?
High Court Enforcement Officers are appointed by the courts. They are able to provide effective, ethical enforcement of judgements and orders upon the instruction of clients through the county court or High Court of England and Wales. They are authorised to act on behalf of the Lord Chancel ...
- What is a High Court Enforcement Officer?
High Court Enforcement Officers are appointed by the courts. They are able to provide effective, ethical enforcement of judgements and orders upon the instruction of clients through the county court or High Court of England and Wales. They are authorised to act on behalf of the Lord Chanc ...
- What is a High Court Enforcement Officer?
High Court Enforcement Officers are appointed by the courts. They are able to provide effective, ethical enforcement of judgements and orders upon the instruction of clients through the county court or High Court of England and Wales. They are authorised to act on behalf of the Lord Chanc ...
- Certificated Bailiffs - What can they do?
What work can a certificated bailiff do? • Commercial Rent Collect via distress arrears of rent on commercial property for landlords. • Council Tax & Non Domestic Rates Collect via distress the above local taxes for local authorities. • Magistrate Court Fines Collect ...
- Business Liquidation Key Terms
Inventory Inventory is the terminology used to define what's in stock in a particular store. Liquidate Sometimes parts of companies or full companies end their business dealings. When this happens, they distribute their assets and properties to other companies. In a liquidation process, the c ...
- The Difference Between Going Bankrupt and Going Out of Business
When a business goes bankrupt, it means that its finances have reached the point where the business is unlikely to survive. A business may declare bankruptcy and close, with its assets being auctioned off to pay creditors or it may file for bankruptcy protection, giving it a grace peri ...
- Bankruptcy Protection (US)
When an individual or business is unable to make payment to creditors to pay off their debts, they can file for bankruptcy protection under the bankruptcy laws of the United States. For an individual, bankruptcy protection may involve either a cancellation of most debts, along with the ...
- The Duties of a Liquidator
When appointed by a court system, the liquidation company will assess the current market value of all assets owned by the business. The liquidator will then take steps to ensure that the best possible sale price is determined for each asset and oversee the process of selling each asset ...
- The Act of Liquidation
Compulsory liquidation is ordered by a court, and the laws vary in different countries. Usually a court-appointed receiver takes over to analyze the company's assets and determine the best way to handle them. Originally, recovered cash from a compulsory liquidation was distributed even ...
- What is a Liquidity Event?
A liquidity event is not the same as the liquidation of a company. When a company is liquidated, the business is discontinued and does not change ownership. With a liquidity event, the business is continued, but under new ownership. A liquidity event is a term used in corporate finance t ...
- What is a Statutory Demand?
When properly served, and it has to be formally served, this is a legal notice from the creditor to the debtor giving them 21 days to settle the debt otherwise a bankruptcy petition may be issued. View a statutory demand as a warning shot. Generally the courts have frowned on Statutory ...
- What Is Liquidation Value?
Liquidation value is the estimated value which would be received by liquidating a piece of property. People can apply liquidation values to real estate, companies, and other types of assets. As a general rule, the liquidation value is below the fair market value. Skilled accountants can estimat ...
- Private treaty sales
Auctioneers often have items available for sale by Private Treaty. This method of sale will normally be used by a business wanting to dispose of assets but not having the resources or time to handle the sale themselves. Most private treaty sales cover specialist items like luxury cars, vehic ...
- How does pawn broking work?
According to the National Pawnbrokers Association there are now 800 pawnbrokers in the UK alone, with new outlets growing at a rate of 10% a year. You might recognise some of them - such as Cash Generators, The Money Shop and Cash Converters - from stores you see on the high street. Pawn brokin ...
- Liquidation Auctions Can Provide Real Bargains
Most auctions and tenders are held at short notice with no reserve prices and in many cases, they are not widely publicised due to advertising constraints. Consequently, these sales offer some of the best buying opportunities for those fortunate enough to hear about them. Because liquidation ...
- An In Depth Explanation of Insolvency Terms
Definitions of Insolvency and Bankruptcy Terms and Expressions for England and Wales Administration Order 1. A court order placing a company that is, or is likely to become, insolvent under the control of an administrator following a petition by the company, its directors or a creditor. The pur ...
- Auctions & Insolvencies Information
At the present time, between two and three hundred U.K. companies are forced out of business and into liquidation, administration or receivership every single week. So what happens to the assets of all these insolvent companies? Almost without exception, every insolvent company is placed in the ...
- Auctions and Insolvencies
Bankruptcy and Liquidation are unfortunately a sign of the times. So what happens to the assets of all these insolvent companies? Almost without exception, every insolvent company is placed in the hands of an insolvency practitioner - a liquidator or official receiver - who is responsible for l ...
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