Clipping the Wings of Phoenix Companies

Clipping the Wings of Phoenix Companies

24 April 2018

Companies can fail for many reasons but there are rules surrounding the carrying on of a similar business through a new company after the original company has gone into insolvency.

'Phoenixing' is the practice of transferring the business, but not the debts, of the insolvent company to a new company.  Read our Phoenix Company guide to find out more.

KEYWORD TAGS: Insolvency Tax Avoidance

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