The COVID-19 situation continues to develop at pace and for those in an Individual Voluntary Arrangement, this is a stressful and confusing time. We have created a frequently asked questions sheet below which should hopefully help put your mind at rest. Will JT...
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We are recruiting!
Due to strategic growth opportunities, we are seeking an experienced Insolvency Supervisor and an experienced Insolvency Manager - each candidate should have both corporate and personal insolvency experience and will be based in our Lisburn office. You will each be...
Members Voluntary Liquidation – 7 steps to a tax efficient company closure
If you decide to wind up a profitable, trading business for whatever reason – maybe you’re retiring, maybe you want to move into a new industry – a Members Voluntary Liquidation (MVL) is usually the best way to maximise how much cash you can take with you out of the...
Saving a business with a CVL and an IVA: Case Study
The Story The husband of the director of a restaurant approached JT Maxwell Limited, for advice about the Company’s financial position. The Company employed around 11 members of staff and was initially profitable. Over the past three years, profit had gradually...
CPD insolvency seminar
Continuing professional development (CPD) is vital for all professional service providers. And believe us - we know how difficult it can be to keep those hours up to date when you are focused on delivering the best possible service to your client and all the...
Striking off a company – simple as it sounds?
‘Striking off’ is another business term that can have negative connotations if misunderstood. Unlike a dodgy doctor being ‘struck off’ and not allowed to practice any more, striking off is the perfectly legitimate process of removing a Limited Company from the...
Critical cashflow after supplier pulls credit: Case Study
Most of us rely on credit in this modern world, particularly in the world of business. Managed well, credit is a great thing. It allows you to build up a healthy credit history, which is vital if you require a mortgage, or finance for any significant purchase....
What is bankruptcy?
Bankruptcy. It’s a word we all know. In fact, it’s a word we’ve probably all used in conversation before. Most of us know it’s connected to debt and our ability to keep on top of our bills. But there are a lot of myths and misconceptions around bankruptcy (and it...
Debt demands from HMRC: Case Study
Her Majesty’s Revenue & Customs, or HMRC for short. If you are self-employed, you must complete a yearly tax return, showing HMRC how much money you brought in and how much you paid out in the operation of your business during one financial year. They work out how...
Dealing with a statutory demand: case study
STATUTORY DEMAND Two words that can confuse and terrify, whether you're an experienced business owner or Joe Bloggs. Unfortunately, in our experience, it is all too easy to bury your head in the sand and ignore a stat demand. Read the story below for an extreme - but...