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  • 600+ Business Solutions - New company rescue procedure up and running
    One of the measures introduced by the Corporate Insolvency and Governance Act 2020 was a new reconstruction plan to help companies survive the financial impact of the pandemic. The first such plan has recently been considered by the court. When can a reconstruction plan be proposed and what’s involved?
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  • 600+ Business Solutions - New insolvency rules will benefit creditors
    New insolvency rules will benefit creditors..Bad debts. Recovering debts from business customers who have gone under can be a long and painful process. The good news is that from 6 April 2017 the Insolvency (England and Wales) Rules 2016 (see The next step ) should make things easier (the rules in Scotland are unaffected). The new rules aim to speed up the process plus reduce and simplify administration. This should cut liquidation costs and so leave more money in the pot for creditors. What’s changing? From...
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  • 600+ Business Solutions - The danger of an investigating accountant
    If your bank thinks the money it has tied up in your company is at risk, it can appoint an investigating accountant to check up on you. This can cost you a fortune in charges and even lead to administration. How should you handle this situation?
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