Insolvency Advice

 

 

There will be occasions when it is not possible to rescue a company from insolvency without the use of Insolvency Practitioners  with one or more of the rescue options provided by the Insolvency Act 1986. It is important to take Insolvency Advice as soon as you forsee a problem.

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These procedures may be regarded as routes for business recovery, either within the existing corporate structure or via a sale to a new corporate entity.

We can offer insolvency advice on which of the procedures is appropriate and by initiating a dialogue with the relevant stakeholders (i.e. banks, creditors, employees, customers etc) can ensure a successful outcome.

Jennison Insolvency understand that there is an immense degree of pressure on directors when deciding what is best for their company. This is particularly true when making the decision to continue or cease trading.

Jennison Insolvency can help you make the decision with confidence.

Sometimes it is possible for a company to continue trading with the help of insolvency services, following procedures which will protect the company from its creditors and allow it to breathe and come back to life.

Such business recovery procedures are:

·Company Voluntary Arrangement (CVA), where an arrangement is made with the company’s current creditors; or

· Administration, where an Insolvency Practitioner would be appointed to run the company with the aim of rescuing it.

          Unfortunately there are times when the company has ‘had its day’ and it is time to shut up shop.

· Liquidation is a procedure used to realise the company’s assets and discharge its liabilities.

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