Rescue and Recovery
If your or your client's business is struggling liquidation need not be the inevitable outcome. Your business or your client's business may be able to benefit from any of a number of rescue and turnaround options that we would be pleased to discuss with you.
Members Voluntary Liquidation
We can help you or your client consider this as part of Group Tax Planning or to permit an efficient return of capital to Shareholders of a solvent company.
Creditors Voluntary Liquidation
This is instigated by the Directors of a company to effect an orderly wind down and may include the sale or transfer of the business and assets to a new trading entity.
Company Voluntary Arrangement
This option permits the re-organisation and restructuring of corporate debt and can allow the Company to continue to operate whilst maintaining a structured repayment plan with its creditors.
This option is normally available to all stakeholders who have a floating charge registered before 15 September 2003. It enables stakeholders to appoint an Administrative Receiver to take control of the business and realise the assets for the benefit of the charge holder.
This option is available to the Directors/Shareholder, its creditors or a floating chargeholder to appoint an Insolvency Practitioner to take immediate control of a company which is under immediate pressure from creditors.
A Compulsory Liquidation results from a winding up order being made from the Court. Although the Official Receiver is initially appointed as Liquidator one of our partners can be appointed in his place where that appointment is supported by the majority of creditors.
Fixed Charge / Property Receivership
We can act on behalf of Private or Institutional lenders to maximise recoveries through the management and realisation of property investment portfolios.
Partnership and Individual Voluntary Arrangements
We can also undertake partnership and individual voluntary arrangements. These mechanisms enable unincorporated businesses and individuals to restructure and repay their debts, not necessarily in full, whilst avoiding the consequences of bankruptcy.
Trustee in Bankruptcy
A Bankruptcy results from a Bankruptcy Order being made by the court. Although the Official Receiver is initially appointed, one of our partners can be appointed as Trustee either by the creditors. Or by the Secretary of State. We can also be appointed as Trustee in cases where someone is deceased and their estate is insolvent.