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The difference between being served with a Statutory Demand or a Winding-Up Petition (WUP) is where they are in the insolvency process.  In simple terms

A Statutory Demand is one of the key stages in the process of insolvency. Statutory demands can lead to bankruptcy of an individual and the

A Company Voluntary Arrangement, or CVA for short, is an agreement between a company and its creditors to repay debts over a specific time period,

The term ‘Statutory Demand’ is a formal demand for monies the creditor says you owe and should have paid, but which you have not paid.

A Compromise Agreement is an agreement between an employing organisation and an employee. It is a specific type of legally binding contract, regulated by statute

April, as always, brings changes to employment law. The main changes you need to know about are:  1 April 2021 – National Living Wage (‘NLW’)