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The use, or misuse, of bounce back loans has been a hot topic of late with vastly different positions being taken by directors. Some have been overly cautious about taking out any bounce back loan monies as personal income, whilst others have withdrawn large sums for personal benefit without any thought for the consequences. If […]
Independent Business Reviews (IBRs) are often requested by a lending bank when a company looks to be in some form of financial difficulty. They can be viewed by directors as a painful, expensive exercise enforced by the Bank and which can lead to further financial problems. However, there can be a benefit in directors […]
The most significant changes to insolvency legislation (in England & Wales) in the last three decades were introduced on the 6th April 2017, aimed at modernising and updating present procedures. […]
