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Bankruptcy no longer carries with it the stigma it had prior introduction of the Act. Bankruptcies in England and Wales have significantly increased in popularity owing to the short period of bankruptcy and early discharge. If this is an option you would like to discuss call us on 020 7504 1300
If your business is currently struggling under a mountain of debt or having difficulty trading because of unsympathetic creditors or for any other reason, we can certainly help you. We can remove your burdensome load and provide you with a fresh start without any disruption to your current trading.
If you are thinking of restructuring your business in order to be relieved from an unprofitable business model then consult with us first because we can certainly help. With our fresh, innovative thinking we will identify your problems and align ourselves with your objectives.
If you are thinking about committing your company into administration, generally it can be very expensive and very quickly devour the company's cash leaving very little funds, if any at all, for your creditors. We can help alleviate the challenges that will surround you in this process and recommend one of our commercially minded insolvency practitioners to manage the process.
If your company is the subject of compulsory liquidation proceedings (company winding up order by the court) you will need to seriously consider your own conduct as a director generally. Also, any actions you have taken or failed to take which have led to your company’s demise will require due consideration.
Does your business require the services of a specialist Commercial Debt Recovery company with an enviable proven track record? We don’t buy debtor excuses or get intimidated by their lawyers. We recover your money quickly and cost effectively. Click here to find out how.
If you have been caused to suffer financial loss (unpaid undisputed debts) due to trading with an insolvent company we may, on your behalf, establish a case in law against the directors, and provided it makes commercial sense to do so, pursue them for financial redress of your loss. Click below to find out more.
You may be considering liquidation for your company. If so, with our specialist consultancy service, we can prepare you for liquidation or another alternative procedure of company demise and deal with complex matters and other issues that will require attending if you are to avoid potentially adverse claims against you personally now and at a future date. Call us now for more information on 020 7504 1300
Factoring companies provide you with funds against your new invoiced sales debts as they are incurred. We provide you with funds against your unpaid, invoiced aged/bad debts. This facility effectively converts your aged/bad debts into instant cash – working capital for your business.
If your company was made the subject of a winding up order by the court (compulsory liquidation) the Insolvency Service will contact the directors directly. An investigating examiner from the Insolvency Service acting on behalf of the official receiver will summon you to conduct a compulsory interview at the Insolvency Service.
There are a range of solutions for directors subject to Company Director Disqualification proceedings including successfully defending the proceedings or admitting them in whole or part with mitigating circumstances so that the length of any disqualification period is much less than intended.
As a company director, there are many issues you must consider before your company becomes the subject of formal insolvency proceedings (voluntary or compulsory). You should never enter into insolvency proceedings unprepared or as a matter of routine. Call us now for free and impartial advice on 020 7504 1300
An individual voluntary arrangement (IVA) is a formal insolvency procedure under the Insolvency Act 1986 whereby your creditors agree to receive repayment of monies owed (your debts), usually over a period of 3 to 5 years. Call us for free and impartial advice- 020 7504 1300
If your customer has not paid your undisputed invoices, as and when they fall due, the presentation of a winding up petition against your customer may be appropriate. We can have your petition issued by the court on the morning we receive your instruction and it will be presented to your customer on the same day. Call us now 020 7504 1300
Pre packed sale of an insolvent company's assets present many substantial benefits that are not to be ignored if done diligently. Also, pre pack sale of the insolvent company's assets need not attract an expensive sale price for the purchaser. With advanced planning and timely action the assets can be packaged and the deal executed for a considerably less purchase price than the convention. Call us today- 020 7504 1300
A Statutory Demand is a formal process under the Insolvency Act 1986 for the payment or other satisfaction of a debt that is owed by a debtor to a creditor. The Statutory Demand provide the debtor with a limited amount of time (18 days) to either pay or satisfy the debt or have it set aside by the court. Call us today- 020 7504 1300
A directors loan account (DLA) is when the director of a company is indebted to the company after taking account of all credits and debits. Directors should at all times seek to not have an overdrawn DLA. Settling the account can be very expensive and not without serious consequences. We have saved directors from personal bankruptcy and other adverse outcomes as a result of an overdrawn DLA. Click here to find out how we can help you.
For confidential advice contact us on 020 7504 1300
Insolvency & Law Ltd
+44 20 7504 1300
78 York Street London W1H 1DP
info @ insolvencyandlaw.co.uk
Winding up Petition
Insolvency & Law advises client on a Winding up Petition to a debtor company
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