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Finding the right answer for you and your business
While people sometimes make the mistake of assuming they mean the same thing, they are actually specific terms for individuals and companies.
When we designed our range of services, we had people in mind. We wanted to offer what we knew people needed to deal with their financial problems, whether that was for businesses or individuals.
At the same time, we wanted to keep things simple. If you are facing financial difficulties, such as insolvency, the last thing you need is something else to complicate things.
Our services are there to not just provide the right insolvency and bankruptcy related help when you need it, but to do that in a way that is right for you.
From your initial free consultation onwards, the decision on how to proceed will be yours, and you will always be fully informed. It will be our role to deal with your issues with empathy, tell you exactly where you stand, and make sure you understand what your options are. We also promise to deal with you in plain English - no jargon or accountancy speak, just clear communication.
If there is one thing that we have learned in decades of helping businesses and individuals, it is the importance of making our experience and knowledge clear and accessible so we can make informed choices together.
If there is one thing that we have learned in decades of helping businesses and individuals, it is the importance of making our experience and knowledge clear and accessible so we can make informed choices together. We will discuss your situation with you at your initial meeting, figure out the right option for your business, and then work with you to get things underway as quickly as possible.
Creditors Voluntary Liquidation (CVL) – If your business is insolvent and needs to be closed, a creditors voluntary liquidation is the most common route for the directors to take.
Administration - This is sometimes an option when a company is insolvent or close to insolvent. It will give us some time to try to find a resolution
Company Voluntary Arrangement (CVA) – We can help negotiate an arrangement with your creditors to help you resolve your financial issues over time
Members Voluntary Liquidation (MVL) – An MVL is when a solvent business takes the decision to wind up the company, often because of retirement or moving on in life
Compulsory Liquidation – This is when the courts decide that your business must be closed following a winding up order presented by your creditors
Company Moratorium – A very specific response to financial difficulties that pauses creditor action and provides some breathing space while a rescue plan is formulated
Personal financial problems are one of the most stressful issues to deal with. We understand, and we are here to help. Taking the first step and calling someone for advice is always the best option.
Personal Bankruptcy – This is when you cannot, as an individual, pay off all your personal debts
Individual Voluntary Arrangements – We will work with the people you owe money to and arrange a payment plan
Partnership insolvency – Insolvency for partnerships is a very different process than for limited companies and requires specific handling
Insolvent Deceased Estates – Sadly, it is sometimes the case that a bereavement can leave unpaid debts and a process similar to bankruptcy is required to resolve the problem
More information about all our services is available at the click of a mouse, so please do look around. We also have specific advice for directors with financial issues and a member's voluntary liquidation area where you will be able to find out more and download our guidance.
We also offer a range of advice services for businesses such as credit control & debt guidance, refinancing, restructuring, and helping you towards an exit plan. Click on the services menu for more information.