At ipd we believe that by helping you to simplify financial difficulties, this allows you to resolve those difficulties. We are here to help provide you with options. Insolvency does not mean the end of the world - no matter how difficult things are, there is always a solution. If you have financial difficulties (personal or business) you will at some point need informed advice and assistance to deal with those difficulties.
Put simply, our advice will tell you what you can and cannot do and our input will give you the ideas and means to resolve matters.
Put simply, our advice will tell you what you can and cannot do and our input will give you the ideas and means to resolve matters.
Services
I like to keep things simple - every big problem can be broken down into smaller ones that are easier to sort out. And keeping things simple means being clear and direct about what a problem is and how to solve it. I believe in telling you what you need to know to make a decision about the future of your business or financial affairs - even though sometimes you might not want to hear it.
It is important to act quickly if you're to stand any chance of putting your business back on a sound financial basis. Even if that can't be done, taking action as soon as you can and seeking early advice will provide more options and solutions and reduce the pain. When we use the term "corporate" this will usually mean a limited company, but it also applies to a partnership or limited liability partnership.
Many directors do not realise that what happens in the period leading up to the insolvency of a company can have a major impact on them personally. The "limited liability" for directors of a company ceases if the company has become insolvent and continues to trade. This could lead to severe personal liability for you, the directors.
Sometimes, the failure (and closure) of a company is inevitable. It is important for directors to recognise that if your company has come to the end of its life you must take steps to minimise the loss to creditors. It may still be possible to extract the business and assets, place them in a new company and for you to continue running that new company in the future.
If things have progressed too far to avoid a formal insolvency procedure it does not mean that the core business itself has to fail. It may be possible (if done in the right way!) to extract the business, place it in a new limited company and for you, the directors, to continue running that company in the future - the so-called "phoenix".
Reviews
Be the first to review Insolvency Practitioners Direct.
Write a Review
