We are a North West firm of Licensed Insolvency Practitioners based in Manchester providing industry leading, nationwide advice and services to businesses and individuals that may be facing financial and operational problems. At Fortis, our experienced team of professional advisors are committed to finding solutions and providing support to a wide range of businesses across various sectors.
We undertake assignments of all sizes and understand the day to day pressures you face. Fortis cover all aspects of personal and corporate insolvency with vast experience in assisting turnaround management, restructuring, Insolvency and recovery, refinancing as well as a wide range of practical interim solutions.
We undertake assignments of all sizes and understand the day to day pressures you face. Fortis cover all aspects of personal and corporate insolvency with vast experience in assisting turnaround management, restructuring, Insolvency and recovery, refinancing as well as a wide range of practical interim solutions.
Services
Fortis Insolvency is a North West firm of Licensed Insolvency Practitioners based in Manchester that provides industry leading, nationwide advice and services to businesses and individuals that are facing financial and operational problems. With a combined 75 years' experience in the Insolvency and financial services sector, Fortis are ideally placed to deliver practical straightforward thinking and concise professional advice.
An IVA is a legal procedure to assist people who are in financial difficulty with unsecured debts. This solution is only available for UK residents in England, Wales and Northern Ireland. You need an Insolvency Practitioner (IP) to arrange an IVA. Your IP, known as a 'Nominee' will undertake a full assessment of your finances and put together a proposal which is then sent to all of your unsecured creditors.
A Creditors Voluntary Liquidation (CVL) is a procedure initiated by the directors of a company to voluntarily bring about the end of the business when the company is insolvent. The process is undertaken by a Licensed Insolvency Practitioner who acts as Liquidator.
Usually, a company enters a CVL after its directors realise that its liabilities exceed its assets or it cannot pay its debts as and when they fall due and therefore the company cannot continue its business.A Creditors Voluntary Liquidation (CVL) must follow the procedure set out in the Insolvency Act 1986 (as amended).
Usually, a company enters a CVL after its directors realise that its liabilities exceed its assets or it cannot pay its debts as and when they fall due and therefore the company cannot continue its business.A Creditors Voluntary Liquidation (CVL) must follow the procedure set out in the Insolvency Act 1986 (as amended).
A Company Voluntary Arrangement (CVA) is a legally binding agreement introduced by the government in 1986 as an alternative to companies facing liquidation. It's used mainly by struggling businesses looking to repay the Company's creditors over a period of time (usually up to 5 years) whilst continuing to trade with the prospect of once again regaining profitability.
A Members' Voluntary Liquidation (MVL) is used when the Shareholders of a solvent company decide to close down the company in order to realise the assets and distribute the funds to the members of the company. The assets are sold and the proceeds of sale are used to discharge creditors in full and to cover the liquidator's costs.
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