Things to watch out when ceasing trading

[badgernumber1]

What this suggests to me is lots of these people have either been misinformed (plenty of liquidators marketing in a "liquidate now or lose out forever" way), or the company owners are phoenixing and perhaps aren't aware of rules already in existence, or feel that existing rules won't realistically be enforced (which may well be the case).

Phoenixing... or they might be giving up on PSCs, starting a new career, retiring early. But I think the uncertainty can be enough to bring forward life changes originally planned for the next year or two. All the more where there's a big 'money box'.

The ones concerning me are those signing up now, make no mention of timescales (when we'd give them a reality check) and just naively assume everything will be done pre 6 April 16.

Maybe they're encouraged by articles like this (2nd para from bottom):
Why Entrepreneurs' Relief changes at Budget 2016 are the lesser concern :: Contractor UK
Just a couple of days ago on CUK! Don't disagree with you, just saying.

[john@UKCA]

Interim Distribution on MVL

The final distribution will not be sorted by the 6 April if sent for a MVL now, but there is still time to get it sorted to pay a interim distribution.

The liquidator I use had 28 new cases this week - I am sure CM is expriencing the same!