Understanding business recovery options
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Is your business running out of cash? Are large historical liabilities scaring off any potential investors? If so, there are more options than you think, but only if you act early!
Suitable for:
Directors of trading businesses facing serious financial difficulties.
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We know that some people freeze at the
words “administration”, “bankruptcy”and “liquidation” but it isn’t always as
bad as you may imagine and this course will explain in a no-nonsense manner exactly what options are open to a trading business facing looming financial difficulties, and what precisely are the associated implications.
In partnership with Bridge Business Recovery, the key outputs of this half day course are:
• Fully understanding Insolvency, and the role of the Insolvency Practitioner.
• The process of Liquidation.
• Why might you chose to put a business in to Administration?
• What is Receivership.
• Distribution of fees.
• Impact on directors.
• Implications for employees.
• Understanding TUPE.
• How to save the businesses assets.
• What’s a Pre-Pack or Phoenix.
• Understanding Company Voluntary Arrangement’s (CVA’s) and Individual Voluntary Arrangements (IVA’s).
• Can a UK company become Bankrupt.
• Can a company director face Bankruptcy proceedings.
