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Purnells Insolvency Practitioners provide Insolvency Advice, Options & Support to individuals, businesses and limited companies throughout the UK.

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Want to know the difference between a Members Voluntary Liquidation and a Creditors Voluntary Liquidation?

In this guide, we break down the key differences, helping you understand which route may be more appropriate for your company’s circumstances.

https://t.co/EIsJPAUEio

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Have you heard the latest news on navigating insolvency risks following the upcoming National Insurance contribution increase coming into force on the 6 April 2025 for small businesses?

https://t.co/cXjuDhB9H7

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What is Insolvency? https://t.co/itOQELMEe6 via @YouTube

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A Debt Order (DRO) is an insolvency measure designed as an alternative to bankruptcy, for debtors who are struggling to meet their liabilities, and have either very few, or no tangible assets.

Below is our new blog on the changes made by the Government... https://t.co/FINmPMx1n0

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What is Creditors Voluntary Liquidation (CVL)?
A CVL is a voluntary process whereby the directors & shareholders of an insolvent business can place the company into liquidation.

Read our latest blog to understand the process and what to do next... https://t.co/IDPl7xB7Z2

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What is Members’ Voluntary Liquidation (MVL)?
A company does not have to be insolvent in order to be placed into liquidation.

Read our latest blog to understand the process and what to do next...
https://t.co/4rDNEOyox0

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What is a Personal Guarantee (PG)?

Want to know what to do before making a Personal Guarantee & what your repayment options are?

Find out all you need to know here...
https://t.co/HWS1JaRmXT

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Anyone up for a charity shoot event supporting Dorset's local Air Ambulance..... All are welcome, please see the below poster for details.

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Free personal & corporate insolvency advice throughout the UK. https://t.co/xaSentZynA via @pinterest

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📷 Abuse of The Bounce Back Loan Scheme Last month the Times featured an article about how “suitcases filled with cash from taxpayer-backed Covid loans were seized at the border as people tried to smuggle them out of the country.” The... https://t.co/sQxaIx2u7u

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📷 Employee Claims In Insolvency Following the recent case of Palmer v Northern Derbyshire Magistrates’ Court where the Administrators were facing criminal prosecution through failure to file a HR1 form; now would be a good idea to produce a... https://t.co/YvBFSDkM4s

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📷 What is a LPA Receiver or Fixed Charge Receiver? A Law of Property Act Receiver, or LPA Receiver, is appointed under Section 109 of The Law of Property Act 1925 when a Lender, or mortgagee, is entitled to exercise the power of sale... https://t.co/QE4hTyKXtA

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📷 Rising Insolvency Figures The latest figures from the Insolvency Service show that the number of company insolvencies in England and Wales rose by 18.7% in November 2021 to a total of 1,674 compared to October 2021’s total of 1,410, and... https://t.co/KVJ0Xa6Eqg

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📷 LPA RECEIVERS: “THE BASICS” BLOG Good morning to all our blog readers and thank you for tuning in. We hope to provide an informative insight into the world of insolvency for all with weekly blog posts concerning different aspects. This... https://t.co/q4fIqOjWDD

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📷 Different Fees Charged In A Creditors Voluntary Liquidation Hello and welcome back for the second of our weekly blogs. The topic being tackled today, the two different types of fees charged in connection to a Creditors Voluntary... https://t.co/YdOLm7itBh

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📷 PLACING A COMPANY INTO MEMBERS VOLUNTARY LIQUIDATION Hello and welcome back for the third of our weekly blogs. This week’s topic is how to place a Company into Members Voluntary Liquidation (“MVL”). Now, as a short introduction, an MVL is... https://t.co/9zfmOfLziv

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📷 HOW TO PLACE A COMPANY INTO CREDITORS VOLUNTARY LIQUIDATION Hello and welcome to the next instalment of Purnells’ weekly blog. The subject of today’s blog is “The procedure to place a Company into Creditors Voluntary Liquidation”. A basic... https://t.co/s8uuaNEZIO

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📷 WHAT OPTIONS DO I HAVE IF I CANNOT AFFORD A LIQUIDATION? Welcome back for the weekly blog. This week’s topic is “The options available to Directors of the Company if the Company cannot afford a Creditors Voluntary Liquidation.” Something... https://t.co/5XNfIB3w7P

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📷 How a Company Voluntary Arrangement can save your Company Hello and welcome back again to Purnells weekly blog on insolvency. This week’s topic is how a Company Voluntary Arrangement (���CVA”) can save a Company. The first thing to note is... https://t.co/feHjXtPLl8

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📷 Saving Your Home Prior to Bankruptcy Hello and welcome to the final blog post of the year. Before we all retreat to our festivities, there is a chance for one final topic, which is how to legitimately save your house before you are made... https://t.co/EVS2ND4Z3q