If your company is insolvent liquidation may be the best solution. If you need advice in relation to your company's position, and/or your position as a Director, we can assist. If a sole trader finds itself in cash flow difficulties, the insolvency options are either Individual Voluntary Arrangement or a Bankruptcy Order.
Which procedure is appropriate depends on the circumstances that apply. If circumstances have conspired against you and you are finding it difficult to manage your financial affairs we can help. We have developed specialist web sites to assist people with personal debt problems. We are seeking to provide creditors with a good standard of service in terms of communication and expediting dividend payments.
Which procedure is appropriate depends on the circumstances that apply. If circumstances have conspired against you and you are finding it difficult to manage your financial affairs we can help. We have developed specialist web sites to assist people with personal debt problems. We are seeking to provide creditors with a good standard of service in terms of communication and expediting dividend payments.
Services
Findlay James (Insolvency Practitioners) Limited are insolvency and recovery specialists; we do not offer general practice services such as audit, tax and accounts preparation. After 14 years successful trading, Findlay James have been appointed on over 1,700 formal insolvency appointments, covering all sizes and types of business.
Depending on your situation, there are a number of options available, Whether the best option for your company is a formal insolvency procedure or a business recovery plan, it is best to speak to an experienced professional as early as possible. It is cheap, easy and fast. When a limited company is placed into liquidation, the shareholders and directors are not personally liable for the debts of the company, unless personally guaranteed.
If your company is insolvent, and you want to limit your liability -- liquidation is the simple solution. Let's be honest, limited liability is why you formed the company in the first place - to avoid personal liability for the debts of the business in the event it went bust. When a limited company is placed into liquidation, the shareholders and directors are not personally liable for the debts of the company, unless personally guaranteed.
The administration process allows the reorganisation of an insolvent company while protecting it from its creditors, within the administration the company's plans are formulating the rescue of the business and maximising the assets realisation to maximise the outcome for the company's creditors.
We can use this process as a very effective way of restructuring where the company has a viable structure, and subsequently exit the administration in a stronger financial position.We arrange a number of pre-packed (per-pack) administrations. The pre-pack sale is where a off market sale of the company's assets is lined up prior to the start of the administration process and then the administrator is appointed to conduct the sale.
We can use this process as a very effective way of restructuring where the company has a viable structure, and subsequently exit the administration in a stronger financial position.We arrange a number of pre-packed (per-pack) administrations. The pre-pack sale is where a off market sale of the company's assets is lined up prior to the start of the administration process and then the administrator is appointed to conduct the sale.
A Bankruptcy order is a court order that you can apply for if you can demonstrate to a Judge at County Court that you can't afford to pay all of your debts. One of your creditors can apply for a Bankruptcy Order to be made against you if you owe them more than 750. Bankruptcy affords you the protection of the court from your creditors.
Reviews
Be the first to review Findlay James Insolvency Practitioners.
Write a Review
