Businesses fail for all kinds of reasons. Often it’s due to an inability to read the market, bad financial handling or even a scandal that puts the company under.
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Insolvency
There are many factors that have the potential to hinder your small business, and they can arise at any time and sometimes without warning.
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If a company were to go into liquidation or administration, would you know whether you were entitled to receive any outstanding payments or not?
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If you’re considering starting your own business, make sure you learn the pitfalls to watch out for.
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For companies who are in financially rough moments sometimes the only salvation is insolvency.
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Realising that your company – the project that you poured your heart and soul into – has become insolvent and facing closure can easily be one of the scariest moments of your life.
Read More»![Who Gets Paid When Companies Go Bust? [Infographic]](https://www.dumbfunded.co.uk/wp-content/uploads/2015/04/companies-go-bust-590x303.jpg)
An infographic that takes a look at who gets paid when companies go bust.
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