Insolvency
The key to avoiding insolvency is to seek professional help as soon as the first signs of difficulty appear. We are able to assist in identifying problem areas, and suggest solutions to improve the position of the business. Timely and expert advice may be able to save your business from liquidation or receivership.
Receivership entails someone being appointed to raise funds within the company to repay a financer. In this case so many of the company assets are sold, the company is unable to continue daily business and liquidation is necessary. A liquidator disposes of all the assets of the company and repays creditors. Upon liquidation the company ceases to exist
In the event that liquidation or receivership is necessary, we will recommend a registered insolvency practitioner and support you through the process.
If your business is struggling under financial and operational difficulties, proactive and insightful action is vital for avoidance or minimisation of the ramifications. Contact us today for an appointment and expert advice to aid your situation.
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