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Are Crypto Assets Property in Insolvency? Understanding the 420% Surge in Cases The rapid rise of cryptocurrency and digital assets has changed the financial landscape, and now it is reshaping insolvency and bankruptcy too. Over the past five years, the number of insolvency cases involving crypto assets in the UK has grown by an astonishing 420%, according to the Insolvency Service. In response, the Service recently appointed its first dedicated crypto asset specialist to trace and recover digital assets in insolvency proceedings. This surge reflects a new challenge for insolvency practitioners, regulators and company directors alike. As more businesses and individuals hold value in cryptocurrency, a pressing question arises: are crypto assets considered “property” in insolvency? Two landmark UK cases, AA v Persons Unknown (2019) and Ion Science Ltd v Persons Unknown (2020), have helped establish the legal framework for answering that question. In this article, we explore how the courts have approached crypto assets, what these rulings mean in practice, and how insolvency professionals such as those at Simple Liquidation are adapting to this evolving area. Learn more - https://www.simpleliquidation.co.uk/are-crypto-assets-property-in-insolvency-understanding-the-420-surge-in-cases/

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Simple Liquidation Offers Insolvency Advices from Professional Team of Insolvency Practitioners Is your business struggling financially? Can’t pay your creditors? Received a winding-up order and don’t know the next step? Get in touch with us at Simple Liquidation. Whether it’s just expert insolvency advice from our professional team of insolvency practitioners or you need to liquidate your company cost-effectively, we have the answers you’re looking for. visit: https://www.simpleliquidation.co.uk/

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Simple Liquidation UK Contact Details When a business is struggling, it's only natural that directors and creditors begin to consider liquidation. There are two types of liquidation: compulsory liquidation and creditors' voluntary liquidation. Here at Simple Liquidation, each of our liquidators is authorised by the Insolvency Practitioners Association and the Institute of Chartered Accountants in England and Wales. We are not an intermediary, a sales company or a broker; we are a team filled with experienced industry professionals boasting a range of knowledge and expertise. Visit - https://www.simpleliquidation.co.uk/

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One question we get asked a lot is...""How long does a business liquidation take?"" ⏲️ It can vary — but once you've signed up, we aim to place your company into liquidation within 2 weeks. To allow us to prepare the paperwork for the liquidation, you'll need to supply us with a certain amount of information regarding your company’s situation. Our friendly team will be on hand throughout the liquidation process and then can answer any questions you may have. Call them on 0800 246 5895 to have a confidential chat. www.simpleliquidation.co.uk/faq/ #liquidation #businessliquidation #closeacompany #insolvency

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A liquidation question we get asked a lot is this...'How long will my company liquidation take? The answer is... ""Once you have signed up we aim to place your company into liquidation within 2 weeks. We need a certain amount of information regarding the company’s situation to prepare the paperwork for the liquidation which you will need to supply. We will be on hand throughout the process should you need any assistance with the information that needs to be supplied."" https://www.simpleliquidation.co.uk/faq/

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Closing a company with HMRC debts must be done according to the current insolvency laws because any problems and directors could be held personally responsible for the debts. On top of this, HMRC has the power to pursue its debt long after the company has been closed. Our blog post looks at the finer details on how to close your company with HMRC debts ➡️ www.simpleliquidation.co.uk/how-to-close-a-company-with-hmrc-debts-in-the-united-kingdom/ #CVL #MVL #CompulsoryLiquidation #businessdebt

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In the UK, a licensed insolvency practitioner (IP) is needed for any company or personal insolvency procedure or for the closing of a solvent business. Our blog post suggests several sources that can help you find a licensed insolvency practitioner in your area that specialises in your type of business or personal situation. Read More << https://www.simpleliquidation.co.uk/how-hard-is-it-to-find-a-licensed-insolvency-practitioner-in-the-uk/ 'Simple Liquidation' is in the 'Top 5' list of the UK's most appointed insolvency practices. Call us today on 0800 246 5895 to see if our team of professional insolvency practitioners can help you.

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According to the Gov document from last month, from the start of the coronavirus pandemic until mid-2021, overall numbers of company and individual insolvencies were low when compared with pre-pandemic levels. Bankruptcy and compulsory liquidation numbers remained lower for the entirety of the 2021/22 financial year. Numbers of enforcement outcomes for 2020/21 and 2021/22 are likely to have been affected by this decline in insolvency numbers. Our insolvency services are provided by an experienced, capable team that are here to make it simple for you. Discuss your business finances with them on 0800 246 5895 or alternatively send us an email to [email protected] https://www.simpleliquidation.co.uk/

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// #ThursdayThoughts // This quote certainly makes you think! — ""The worst bankruptcy in the world is the person who has lost his enthusiasm"" — William Howard Arnold When someone loses their motivation and zest for life it's so sad to see. We know it can be tough going through the process of liquidating your company or through company administration but life will be better on the other side. Things will start to look up and the days will start to look brighter again. It's coming to the end of #mentalhealthawarenessweek so we wanted to remind you that our team will be with you every step of the way when it comes to business liquidation or company rescue. If you ever feel like you need to talk to someone about it all, we will be here. You can contact us on 0800 246 5895. www.simpleliquidation.co.uk #mentalhealth #finances #closeacompany #insolvency #debt #businessdebt

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Have you made the difficult decision to liquidate your company? Do you feel alone, like you're the only person who is having to do this? We promise you're not - in fact, here at Simple Liquidation we deal with over 80+ liquidations a month! That's over 80 people going through the exact same thing as you are right now. Hopefully that will provide you with some solace. If you'd like to have a chat about things we're here for you every step of the way. Call us today on 0800 246 5895.

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Insolvency News in United Kingdom Following the announcement that the number of company insolvencies registered in January 2022 has more than doubled when compared with the same month of the previous year, business finance experts are calling for more support for small business owners. Read more here: https://www.simpleliquidation.co.uk/blog/ Have you found yourself in the position of needing to liquidate your business? Our qualified, knowledgeable Insolvency Practitioners are able to give you free, impartial advice to ensure you do it in the most cost-effective way. ☎️ Call us on 0800 246 5895.

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This says it all......everything comes down to choice. When it comes to company insolvency it's much the same. Sometimes you're in control of your own choices - like when you opt for a Member’s Voluntary Liquidation (MVL) but sometimes you have no choice at all — like when it comes to a Compulsory Liquidation. Whatever happens in the end, it's important you tackle things head on and have support throughout the process. That's why we're here! The Insolvency Practitioners behind Simple Liquidation have over 30 years’ experience and have dealt with hundreds of solvent and insolvent businesses throughout their careers, helping directors to meet their obligations and reduce the stress of dealing with an insolvent company. Get in touch with us here - https://www.simpleliquidation.co.uk/contact-us/

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In our recent blog post we discussed some common reasons why financial loss happens in businesses and suggested some ways to try and overcome it. Financial loss in business happens all the time but never is it an easy topic to open up about. As a reliable insolvency company we can offer you free impartial advice to help sort things out if your business is currently struggling. There's a possibility you can overcome the loss through the use of careful planning, restructuring and rescue packages but the only way to know for sure is to get in touch for a chat. We're here to help - call us on 0800 246 5895 or click the Live-Chat button at https://www.simpleliquidation.co.uk/contact-us/

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Simple Liquidation is not an intermediary, broker or sales company, we're an experienced team of insolvency professionals with over 30 years’ experience and a wealth of knowledge and experience in dealing with liquidating any size of business. We help directors to meet their obligations and do all we can to reduce the stress of dealing with an insolvent company. Call us on 0800 246 5895 for a no-obligation conversation, and we'll advise you of the best course of action for you and your business. www.simpleliquidation.co.uk Learn More - https://www.simpleliquidation.co.uk/

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As it's #FeedbackSunday we're sharing a client's review about his experience working with Scott Rawlins, Business Development Manager, at Simple Liquidation: ""Scott, having had numerous very helpful conversations with yourself around options for closing down my company was not only comforting, informative but I believe your concerns for individuals such as myself in very difficult situations is honest and forthright."" Our qualified, knowledgeable Insolvency Practitioners are authorised by the Institute of Chartered Accountants in England and Wales and are able to give free, impartial advice to ensure you liquidate your business in the most cost-effective way. Contact us here >> https://www.simpleliquidation.co.uk/close/

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For today's #MeetTheTeam post we're introducing you to Jamie Playford - Director and Licensed Insolvency Practitioner at Simple Liquidation. Jamie began helping businesses in 1998, working across East Anglia and gaining his insolvency licence in 2009. In 2010 Jamie founded his first insolvency practice, growing the team to 20 people and a +£1m turnover before selling it in 2015. Jamie went on to form Simple Liquidation parent company, Leading Business Services, in 2015, with four offices across East Anglia, the Midlands and London, providing business recovery and insolvency solutions to clients across the UK. Read More at - https://www.simpleliquidation.co.uk/our-team/ #teamworktuesday #insolvencypractitioner #liquidation #business #londonbusiness #insolvency #simpleliquidation #meettheteam

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Businesses in the UK are battling the onset of the Omicron coronavirus variant which threatens recovery across the UK, due to the re-introduction of restrictions, and may be a cross too much to bear for many. Insolvency has been knocking on the door throughout the past couple of years but closing the business doesn’t always have to be the only option. Working with a reliable insolvency company, it is possible to overcome financial loss in business through the use of careful planning, restructuring and rescue packages. But first, you need to understand what financial loss is and how it has occurred. Simple Liquidation is a company located in Norwich, UK which provides the services to the company are in the situation of financial losses. We are just a one step ahead. Contact us Today For more information: https://www.simpleliquidation.co.uk/how-to-overcome-financial-loss-issues-with-a-reliable-insolvency-company/

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Bankruptcy is a situation where the company is unable to pay their debts so Simple liquidation is a company based in Norwich, United Kingdom. Simple liquidation helps in files your bankruptcy and fulfill all your legal requirements. we are going to discuss impact of bankruptcy on your credit profile. We are just one call away. visit our website for more information For more information- https://www.simpleliquidation.co.uk/how-does-bankruptcy-impact-your-credit-profile/

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