The Options for Insolvent Businesses

This is a guest post by Jeffrey Carter, who is a business finance expert in the UK, advising companies in financial difficulty of their options.

In 2009 in the UK alone, 19077 businesses went into company liquidation. This figure was particularly high, largely as a result of the 18 month recession that gripped the global economies.

However, even in ‘normal’ economic circumstances, insolvency amongst businesses is more common than we would like. Contrary to popular misconception, however, company insolvency needn’t mean the end of the business.  There are a number of options available to insolvent companies. Read more

What is the meaning of debt consolidation?

Wondering what is the definition of debt consolidation? For borrowers, this financing program could be their debt relief. Debt consolidation, as the terms suggest, is the combination of several debts or loans into a single loan. This is usually done by people to have the convenience of having a single loan, achieve lower monthly payments, and attain longer repayment period. To define the meaning of this process, I have presented below different definitions from various top resources on the web.

The replacement of multiple loans with a single loan, often with a lower monthly payment and a longer repayment period. also called consolidation loan.
- InvestorWords.com- Read more

Seven Tips on How to Improve Your Cash Flow

Cash is the most liquid among the resources your business could have. It is the most conveyable and most efficient consideration for every transaction you will get into in carrying out your business. But because of the slumping global economic condition, you had an unfavorable cash flow. A better panorama of cash flow is an indication of a high liquidity status of a certain person or business. It also attracts creditors and investors. Now, if you are a bit frustrated and disappointed on the flow of you cash, the following are seven simple and direct tips you can do to improve how your cash runs.

1. Collect receivables. Strengthen your collection effort on your accounts receivables. Give discounts and other rewards to encourage early payments from your customers. Sending demand letters is also one way to knock your debtors to act on paying their debts on you. Read more