When you have debts and creditors are knocking on your door, it’s very tempting to try and make debt management arrangements directly with your creditors. In cases where the debt is quite small, and it’s just one creditor, entering into an informal debt arrangement, if the creditor is agreeable, could be worked out for you. It does save money on dealing with the creditor via an insolvency practitioner. However, whilst it can remain simple, there is a risk for both parties as the agreement is not legally binding. Our recent blog post explains why it's better to choose an Insolvency Practitioner instead of making direct arrangements with creditors’. https://www.leading.uk.com/why-choose-an-insolvency-practitioner-instead-of-making-direct-arrangements-with-creditors #insolvency #debt #businessdebt #personaldebt

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There are two principal ways to close a solvent limited company; either a voluntary or informal strike-off or through a Members’ Voluntary Liquidation (MVL). It's often believed that an MVL is the most tax-efficient way, but it may not always be the best option, particularly when it comes to how much tax shareholders will have to pay. In our recent blog post, we explain how to calculate Members’ Voluntary Liquidation tax: https://www.leading.uk.com/how-to-calculate-members-voluntary-liquidation-tax-calculator/

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The probate process in the UK can be time-consuming, even if the deceased’s estate is a simple affair and they left a will. The length of time probate takes will often impact the period between probate being granted and when the beneficiaries receive their inheritance money after probate. In this Post, We will discuss how to Get Inheritance Money after Probate in United Kingdom More Info - https://www.leading.uk.com/how-long-does-it-take-to-get-inheritance-money-after-probate-has-been-granted/ #InheritanceMoney #Probate #LeadingUK

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