Finding your way out of Insolvency…
Once you know your business is Insolvent it is important to understand all your options. As a director a limited company, there are a number of alternatives available to you, which is the right one for you really comes down to your situation.
If your Company has ongoing debts
For most companies who are Insolvent, their debt is relatively large, if this is your situation then liquidation offers a way to write off all your unsecured debt, and, if you want, to start again (known in the trade as ‘Phoenixing’). Liquidation is by far the simplest and easiest approach to Insolvency, and it most cases will offer a better solution for you as a director than any other solution.
I am ready to take the next step get rid of company debts
If your business has serious legal problems
If you are under serious legal pressure (bailiffs or a statuary demand or even a Winding up petition) then Administration will allow you legal protection while you can get things together. It is important to note that Administration is not a solution in it’s own right, it just acts as legal protection while put something out in place. There are quite a few restrictions on who can go into Administration and how they can do it, so it is beyond any website to explain the ins and outs of Administration as each case is unique. If you are under a lot of legal pressure give us a call and we can advise you of the best solution for you.
I want to protect my company
If your company just needs time to pay it’s debts
Your company may well just need a little time to pay it’s debts off, maybe you only have a short term cash flow problem. If this is the case then you may well want to look at a Company Voluntary Arrangement. This is quite a simply a legal way to reschedule your debts over a longer period. It is done with your creditors blessing, and so does not suit a lot of companies. However, if your company has only a short term cash flow issue, then please give us a call where we can discuss how a Company Voluntary Arrangement may work for you.
I need a little space to my debts back
How can we help
Unlike other Liquidation Companies, we have structured ourselves and our Voluntary Liquidation Services in a way that genuinely helps you the most.
By Liquidating through us, we will:-
- Ensure you are aware of any problems before you commit to Liquidation
- Make sure your Liquidation goes as smoothly as possible
- Deal with any issues before they become a problem
- Try to make sure this is your first and only Liquidation
- Minimize the pain of Voluntary Liquidation
Make a fresh start in business and start your Liquidation – call 0800 612 94 78 now.