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GLOBAL INSOLVENCY SOLUTIONS

Relax – you have now taken the first step to regaining control of your business or personal finances.

Have you got to the stage where you are avoiding answering calls from creditors or afraid of opening the post for fear of finding another final demand? We understand the huge stress you have been under and are able to offer help and advice to get you back on track and regain control of your business.

However, time is of the essence – if you are trading insolvently, you as a Director may become personally liable for debt incurred from that point onward – even if you trade as a Limited Company.

Contact us today for a free and confidential discussion on your next steps which may include Liquidation, Company Voluntary Arrangement (CVA) or Raising Finance.

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Company Voluntary Arrangement (CVA)

Are you looking to remove pressure from creditors, continue trading and wipe off up to 70% of the company debts? A Company Voluntary Arrangement can be beneficial …

FAQ's - Read more

Liquidation

Is often the last resort for a company as other options may allow it to continue trading. There are several types of liquidation, and it can be the end of a long and stressful road as the liquidator will take over dealing with creditors….

FAQ's - Read more

Directors

Directors need to be aware that if they are trading insolvency they are can be jointly and severally responsible for the debts from that point forward – and are unable to claim protection under the Limited Liability status …

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CVA FAQ's

  • Q: If we propose a CVA what will HMRC do?

    A: The HMRC has a duty to consider the deal and the normal process is for the turnaround practitioner to call HMRC and say a CVA is being prepared. The collector or debt recovery unit will then pass the file to the voluntary arrangement service in Worthing.
  • Q: If we propose a CVA what will the bank’s reaction be?

    A: In our experience if the bank is presented with a vague "we might do a CVA" approach they will become very worried very quickly. As you will recall from the CVA guide page preparing the CVA is the job of the directors and their advisors. A properly structured and pragmatic deal that is based on reasonable assumptions will be much more acceptable to the bank.

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