If there's nothing to be gained from struggling on, we can assist in one of a range of capacities. These include: Administrative Receivers and Administrators; Liquidators; or Supervisors and Trusties. In every case the aim is simple, we must maximise asset value at the lowest possible cost.
At this time we ensure that directors understand their legal obligations. Malpractice or mishandling can result in personal liability and disqualification. So it's important that each stage of insolvency is handled with a full awareness of the implications.
We also take care to keep creditors informed. At each point, we ensure they see everything is run in their interest.
Time is critical. By paying creditors as quickly as possible, we minimise the wider financial difficulties that insolvency causes.