Going Bankrupt with No Assets – 2024 UK Guide
Declaring bankruptcy without assets is one way to wipe out large personal debts while gaining the opportunity for a fresh…
Can You Go Bankrupt More than Once?
Personal bankruptcy enables insolvent individuals to settle some debts by giving up valuable assets and write-off the rest. In an…
How Much Does It Cost to Go Bankrupt?
When you’re overburdened with debt, personal bankruptcy offers you a fresh start and means you don’t have to repay everything…
Is Birmingham Bankrupt?
On 5 September 2023, Birmingham City Council took an extremely serious step that led many people to ask ‘is Birmingham…
What Happens When a Council Goes Bankrupt?
There’s been a steady increase in a troubling trend around the United Kingdom: the financial collapse of local councils. Local…
How Much Does a Members’ Voluntary Liquidation Cost?
A members’ voluntary liquidation (MVL) allows directors and shareholders to wind up their company. Company assets are sold, and shareholders…
The Complete Guide to Members Voluntary Liquidation (MVL)
What is an MVL? An MVL or members’ voluntary liquidation is a tax-efficient legal process used to close down UK…
How Long Does an MVL Take?
A members’ voluntary liquidation (MVL) is a process of closing a solvent company in an orderly manner, paying off debts,…
Tax Considerations of a Members’ Voluntary Liquidation (MVL)
If you intend to wind up your solvent company by placing it in members’ voluntary liquidation, you stand to benefit…