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If you’ve decided that setting up a company and becoming a director is the best way forward for your business, it’s important to know the rules involved.
Employment law and insolvency
General
Putting a Company Voluntary Arrangement (CVA) in place.
Reusing a company name is prohibited and subject to specific restrictions.
This page provides a single entry point for tools and information for and about insolvency practitioners.
The Third Parties (Rights Against Insurers) Act 2010 (the Act) modernises and simplifies the Third Parties (Rights against Insurers) Act 1930 and the Third Parties (Rights against Insurers) Act (Northern Ireland) 1930
How to apply for redundancy payments when your employer is insolvent: Guidance collection.
Guidelines for the monitoring of volume individual voluntary arrangement (IVA) and protected trust deed (PTD) providers
There are a number of ways for companies to recover from financial difficulty. Seek professional advice early to understand your options.
Guidance on how a director can apply to wind up their company and the restrictions on re-using a company name.
Banking facilities for insolvency practitioners. This page links to the online application.
Insolvency rules, regulations and orders
A moratorium gives companies formal breathing space for 20 business days from creditor action.
Understanding the potential signs of company distress.
Guidance on properties jointly owned by a bankrupt and another where the owners have entered into an assured shorthold tenancy.
Information on the disabilities and restrictions on undischarged bankrupts or individuals subject to bankruptcy restrictions order or who have given bankruptcy restriction undertaking. This is general guidance for Insolv…
HMRC can open a compliance check into individual directors or companies to make sure the right amount of tax is being paid.
How you might know if your company is in distress.
A statutory demand is a formal written demand for payment of a debt within 21 days.
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