http://www.articlesnatch.com/rss2/Phoenixing Phoenixing Articles from ArticleSnatch.com Rss Follow Up Fri, 17 Feb 2012 12:06:46 -0500 According to the latest Insolvency Service figures for England and Wales published on 1st May 09, almost 5000 businesses went into liquidation in the first quarter of 2009. This figure is over 50% higher than the same three months of 2008. Clearly the global recession together with the lack of available credit due to the credit crunch, is having a significant downward effect on business activity. Many analysts believe that the recession will continue until the end of 2009 at least and that its effects will continue to be felt well into 2010. With increasing numbers of businesses finding themselves in serious trouble, more and more company directors and shareholders are faced with a difficult choice whether to invest more of their own funds into the business to allow trading to continue. Even if such funds can be made available, they are best spent helping to develop and improve the current business model e.g. on advertising, marketing, investment in plant etc. The reality is that often these funds are swallowed up financing historic debts.Phoenixing]]> Pre-Packing]]> Pre Pack Administration]]> http://www.articlesnatch.com/Article/Record-Insolvencies---How-Can-Business-Phoenixing-Help--/877120 Wed, 16 Dec 2009 11:56:57 -0500 http://www.articlesnatch.com/Article/Record-Insolvencies---How-Can-Business-Phoenixing-Help--/877120 With the continuing economic downturn, increasing numbers of businesses are finding it difficult to continue trading. Frequently these difficulties are not because customers have stopped buying completely. Rather, they are buying in reduced volumes and asking for lower prices. In this economic climate if they were not saddled with historic debt many of these businesses could continue to trade profitably. Since the Enterprise Act of 1984, it has been possible to request relief from corporate creditors using a Company Voluntary Arrangement or CVA. With the agreement of creditors, a Company Voluntary Arrangement allows a portion of corporate debt to be repaid at a manageable rate over a set period of time, the remaining debt being written off. A high proportion of early failures of the arrangement has led to much criticism of the process by creditors and insolvency professionals alike. The main argument against the CVA is that the fundamental structure of the business and its management team do not change. Therefore even with the burden of historic debt lifted the reasons for past failure are likely to repeat themselves.Phoenixing]]> Pre-Packing]]> Pre Pack Administration]]> Company Voluntary Arrangement]]> Cooper Matthews]]> Business Recovery Services]]> http://www.articlesnatch.com/Article/Business-Phoenixing-Can-Be-A-Practical-Way-To-Avoid-Business-Failure/659142 Fri, 03 Jul 2009 00:00:00 -0400 http://www.articlesnatch.com/Article/Business-Phoenixing-Can-Be-A-Practical-Way-To-Avoid-Business-Failure/659142