Recent content by Andrew Bailey

  1. Andrew Bailey

    Liquidation/Administration help

    Hi CJ It will depend up upon the specific circumstances of your business and strategy agreed with the IP. In some cases where it is a straightforward shutdown of the business perhaps resulting in a liquidation then you may find that your role is mainly limited to providing information to the...
  2. Andrew Bailey

    Overdrawn DLA upon liquidation - 2 directors - joint liability?

    I think the starting point would be that they are not joint and several. Therefore each needs to be treated separately. There may be circumstances where you might treat it differently. For example, if you had a scenario where a DLA arose ultimately resulting in the demise of a company where it...
  3. Andrew Bailey

    LTD creditors voluntary liquidation - Directors loan repayment questions

    Good morning Seeking repayment of an overdrawn director's loan account is a common scenario for IPs to deal with as part of a liquidation. A typical approach would be to carry out a "means test" so the IP will consider your income and expenditure and asset/liability statement in order to...
  4. Andrew Bailey

    Insolvency Partner at Turpin Barker Armstrong (Licensed Insolvency Practitioners)...

    Insolvency Partner at Turpin Barker Armstrong (Licensed Insolvency Practitioners) www.turpinbainsolvency.co.uk
  5. Andrew Bailey

    Insolvency Partner at Turpin Barker Armstrong (Licensed Insolvency Practitioners)

    Insolvency Partner at Turpin Barker Armstrong (Licensed Insolvency Practitioners)
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