Insolvency and Financial Distress

Avoiding insolvency is a key challenge for any business: even in good economic times, one in three small businesses goes bust annually, and in the current challenging climate, many companies are facing financial distress. Full of practical advice, this book will help business owners and directors cope with the threat of insolvency effectively.

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Avoiding insolvency is a key challenge for any business: even in good economic times, one in three small businesses goes bust every year, and in the current fraught climate, companies of all sizes are facing financial distress. According to the UK government's Insolvency Service, in the first quarter of 2011 alone, there were over 4,000 compulsory liquidations and creditors' voluntary liquidations in total in England and Wales.


In this book, Brian Finch offers information and advice for people connected with businesses in financial distress. The main aim is to avoid insolvency wherever possible or to otherwise mitigate the pain involved.


The book tackles crucial issues such as:




Spotting warning signs early on

Understanding bankruptcy and its alternatives

Dealing with practical problems

Understanding the implications for directors

Starting over