by Robert Potter | Dec 1, 2016
By definition, insolvency is the inability to pay a debt when it is due, and most businesses fear the idea of becoming insolvent Running a business isn’t all about earning money and spending the profits; it’s also about being able to pay back the people and...
by Robert Potter | Dec 1, 2016
When your business debts are continually growing and it seems almost impossible to pay your creditors, you can clearly see where your business is heading. Bankruptcy can appear to be the most likely outcome, but there is a better option – Receivership. Although you...
by Robert Potter | Dec 1, 2016
If you want to protect your business from insolvency and bankruptcy, it is important to get business spending under control and keep it that way. Business costs can sink your company in very short order, and sometimes it seems impossible to keep these numbers down,...
by Robert Potter | Dec 1, 2016
Even today, there are companies that find themselves in financial difficulty and file for bankruptcy. This drastic step is often unnecessary because there are other options that can be taken. Bankruptcy should be a distressed company’s last resort, as the other...
by Robert Potter | Dec 1, 2016
Today it is even more common for businesses to find themselves facing economic hardship; everyone is feeling the pinch from the economic downturn. When a business can no longer sustain itself or their liabilities far outweigh their assets, the business is deemed to be...
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