We are a long established firm, dealing with all aspects of Personal and Corporate Insolvency. Our expertise lies in business recovery or turnaround and we have access to several areas of funding. We are well placed to identify solutions to any business debt problems.
Lines Henry was formed in 1996 through the merger of Brian Lines Associates and Lane Henry & Associates both of which had traded as licensed insolvency practitioners for a number of years.Today Lines Henry is licensed by the Insolvency Practitioners Association in the United Kingdom. We have a vastly experienced team of people who do not ever forget that they are dealing with individuals not numbers.
Lines Henry was formed in 1996 through the merger of Brian Lines Associates and Lane Henry & Associates both of which had traded as licensed insolvency practitioners for a number of years.Today Lines Henry is licensed by the Insolvency Practitioners Association in the United Kingdom. We have a vastly experienced team of people who do not ever forget that they are dealing with individuals not numbers.
Services
Because we are with you from the moment you contact us, the route to recovery for any business may not lie in just one process but a series of decisions and steps. At Lines Henry we are able to objectively, sympathetically and strategically advise and assist in implementing a recovery plan which is right for you and your business.
A Company Voluntary Arrangement, or CVA, is a way in which a Licensed Insolvency Practitioner can help a Company to survive and avoid the need for a Liquidation. A Proposal is put forward by the Company to its creditors as to how they are going to be repaid. The creditors vote on that Proposal and if 75% by value of the creditors accept it then the Proposal is passed.
All the partners need to approach Lines Henry for help. We will talk to you about your financial circumstances, how you got into difficulties and how we will be able to help you. You will need to provide us with details of about all the assets you own in the business and also the assets you own individually.
A sole trader is a person who trades under their own name, or has a trading name. They do not trade through the medium of a limited liability Company and are personally liable for all of the business debts. This is to be contrasted with the Director of a limited Company who may be able to place the Company into Liquidation and unless they have personally guaranteed debts, will not be personally liable for the Company's business debts.
Contractors are a specialist field with their own issues. In recent years we have developed close relations with a number of specialist Contractor Accountants advising both them and their clients on all aspects of insolvency. It has become increasingly apparent that HMRC are keen to focus on this area as it is perceived that an advantage is being gained by Contractors which is not available to other salaried workers.
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