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MayPreference payments in liquidation Imagine finding out that one of your clients is going into liquidation, and then discovering that accepting a previous payment put you in the cross hairs of other creditors! Sounds like an ‘out of the frying pan and into the fire’ situation. What exactly are preference payments, what happens when the debtor goes […]
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MayWhile insolvency may be an unavoidable end-of-the-road destination for many businesses, there are multiple options to be considered prior to pushing the final button. As a business owner, you have a fiduciary duty to ensure that you have taken every step to prevent the liquidation of your firm, so it’s best to know what options you have.[…]
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MayIn a perfect world, you would not ever need to file a creditor’s petition when owed a significant outstanding debt. Alas, we don’t live in a dream landscape of win-win deals and payments delivered before they’re due. This step in the recovery process is severe and will not only return owed funds to you but bankrupt your[…]
