Company Insolvency

Thursday, June 24th, 2010 at 0

Company Insolvency – Business Insolvency

Company Insolvency is defined both in terms of cash flow and in terms of balance sheet.

Company Insolvency Helpline.

Definition of inability to pay debts

(1) A company is deemed unable to pay its debts -

(a) if it is proved to the satisfaction of the court that the company is unable to pay its debts as they fall due. This is known as cash flow insolvency for a company.

(2) A company is also deemed unable to pay its debts if it is proved to the satisfaction of the court that the value of the company's assets are less than the amount of its liabilities, taking into account its contingent and prospective liabilities. This is known as balance sheet insolvency for the company.

If your company is facing insolvency due to financial problems don’t ignore them, seek expert advice whilst you still have options. Freephone 0800 24 0800

FREE Insolvency & Liquidation Advice For Business Owners

Like most business owners, you have sacrificed more for your business than your family, working all the hours under the sun (or rain) just to make ends meet, borrowed money on your personal credit cards and maybe remortgaged your family house to pay off company debts. Up until now you have managed to get a wage and pay the bills.

The Economy has changed, new government in place and business has changed, with the economy declining, expenses rising, you find yourself between the bankruptcy courts and your creditors. No one planned for this to happen but your company facing insolvency and is struggling with the pressure of debts.

Help Is At Hand

Speaking from 20 years of experience as a turnaround and Insolvency Auditor, you can continue as you are going and risk your business and any personal liabilities or speak with an expert who can show you what legal and ethical option you have open to you and your company.

What Can An Expert Do For You?

* Wipe out VAT and Inland Revenue debts for your company

* Help to liquidate your company and start a new one without the liabilities

* Arrange finance or introduction to private investors up to £5m

* Explore options of Bankruptcy, Company Liquidation, Pre-Pack Administration

* Minimize your directors liabilities or eliminate them

* Stop court order and bailiffs’ from further action

* Cash refund up to 40% of your losses in your company

Before seeking professional help, it is only natural you have concerns and questions, like:

• “What is involved in a liquidation and fresh start”?

• “What will happen to my reputation in the industry”?

• “Is there a proven strategy that I can rely on”?

You can restructure most any business by making it smaller and controlling the cash flow, while you develop a long term strategy for recovery in its current form or start fresh with a new company.

A guide to accomplishing this is the Insolvency Survival Guide. The Insolvency Survival Guide For Businesses is written by the author and mastermind coach Moe Nawaz from his experience as an Insolvency Auditor and turnaround consultant during 20 years of helping people just like you to map out their future. If your company is facing insolvency, then you need help.

The Insolvency Survival Guide is particularly effective for business owner who have the following characteristics:

• A strong ethics, the will and desire to succeed

• Inability to continue with your business

• A need to start fresh without the liabilities

• The need to reduce director personal liabilities

Our Insolvency Survival Services

For those business owners who recognise the value of a personal meeting with

an expert with over 20 years track record of success.

Our experts will arrange a FREE meeting to your business or meet at one of our offices (Over 100 offices) throughout the UK to assist you with your company insolvency issues. You can breathe easy as we will be doing most of the heavy lifting by guiding you and attending meeting with your bankers and creditors of your company.

How Does This Work?

When you appoint us as your consultants, we will develop a custom plan for your business and help you implement it regardless if you wish to continue in business or just a liquidation and walk away from your company with minimal or no liabilities.

• First, we will take an extensive look and analyse your creditors list separating your secured and unsecured creators.

• Second, we will look at and explore ways to minimize the director’s personal liabilities in the event of a liquidation.

• Third, we will prepare a series of options for your business, continuing in its current form, liquidation and restarting a fresh company, CVA – creditors’ voluntary agreement, pre-pack administration or simply a liquidation and minimizing your liabilities.

Most of this is all concluded within a matter of day to stop the bleeding of the company and reducing any further liabilities for the directors.

Experience Really Matters.

If you were looking for dentist because you has a tooth ache, would you extract the tooth yourself or see an experienced dentist and ask his advice to see if he can save the tooth first or what work is involved in saving it and as a last result have it pulled out totally. We have been doing this for the past 20 years. A long list of satisfied clients who we have helped. It’s a reasonable chance we can help you, too. We are the experts when it comes to company insolvency.

Are We The Right Specialist For You?

The answer depends on several factors. We produce the best results for clients by looking after their interest and not their creditors. However, there isn’t much we can do if you believe that borrowing more money will solve the problem for an unprofitable company, when deep down you know you are stuck with an insolvent company.

What Does This Cost?

Our telephone helpline is 100% FREE.

What Next?

The next step is a complimentary 30 minute conversation with one of our consultants to talk about your company insolvency. This enables you to learn more about the process and what is involved. The call also allows you to learn more about us and how we can help you. You will know at the end of the free 30 minute consultation if the chemistry between you and the consultant is right for you and you want to proceed.