Many people who face financial difficulties feel they have no choice but to liquidate or declare bankruptcy. Sometimes this is true. But it's important to understand that there are legal options as well as legal obligations.

Working with creditors is critical at this stage. Survival is often best for everyone, but it's only possible through understanding and co-operation.
If a company can't be saved then we look at ways to save the business. We work towards the most positive outcome for all concerned.

(a) Members Voluntary Liquidation

If you have a company that is solvent that has reached the end of its trading or useful life and you wish the shareholders to be repaid we can simply and quickly arrange the solvent winding-up of the company and an early return to shareholders.

(b) Creditors Voluntary Liquidation

If, unfortunately, your company is insolvent and there is no viable rescue procedure and therefore no alternative other than to place the company into liquidation, then we will explain to you your rights and obligations and, in particular, ensure that appropriate action is taken immediately to minimise the potential losses to your creditors.

Are you a creditor of a company contemplating a corporate insolvency procedure?

UK insolvency legislation is designed to help and assist limited companies that have got into financial difficulty but, of course, these procedures can be abused and we would naturally be pleased to consider and advise you on specific cases as to your remedies.