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Yes. If your company is insolvent you need to take advice from an Insolvency Practitioner to fully evaluate the financial position of the company and consider the options available. The options available would include a Pre-Pack Administration or Administration or Creditors’ Voluntary Liquidation....
How quickly can a creditors’ voluntary liquidation process start?
The process can be started immediately. The directors need to sign a resolution to appoint an Insolvency Practitioner to prepare a statement of affairs and to call a creditors meeting. In practice, there may be certain things that delay the commencement of the process....
We come across many struggling or failed businesses and talk to many business owners. So we think we are well placed to give a few tips on this subject.
Failure to prepare? Prepare to fail!
How Can a Creditor Challenge Be Included in an IVA?
Acute Cashflow Problem Companies On The Increase!
The following frequently asked questions deal with the most important issues about Creditors Voluntary Liquidation.
A CVA is an insolvency procedure that can be used by a company to deal with financial difficulties. This article explains in more detail as to how a CVA could assist.
What is a Partnership Voluntary Arrangement? How can it help you?
Company Voluntary Arrangements – could we make more use of them?
What is an Administration? How can this help you?
What is a Pre-pack Administration? How can this help you?
Double, triple or just the single? (We talk recession)
Going the extra mile!
Who wants to be self-employed?