Insolvency Practitioner or Insolvency Auditor
Know Any Good Insolvency Auditors?
An insolvency auditor or a solvency practitioner can be a very useful person to know and keep in contact with in the business world today. The first thing that normally springs to mind of most business owners and finance houses when a business is in financial crises is an insolvency auditor or a solvency practitioner to help the company prepare for insolvency and to make sure the directors will not be harmed by the fallout if the business were to go in to liquidation. If that being the case the insolvency auditors main task would be to minimise the directors personal liabilities and advise on any wrongful trading lawsuits that might pop up in the future due to wrongful trading.
Insolvency Practitioners
An insolvency practitioner on the other hand who is an officer of the court, even dough you as a company director might instruct him to act on your behalf he is duty bound to look after the interest of the creditors. That is not to say he will not give you good advice.
Tell me one thing as a business owner, if you were in a court room and you were in court in the docks would you ask the solicitor who was prosecuting you to act as your defence at the same time just to save a few quid? Or would you rather have a defence solicitor who you knew was looking after your best interests only and not anyone else? Then why is it that most of the business owners and company directors when faced with insolvency never think of an insolvency auditor to seek professional advice before hand and during the insolvency process?
Yes it makes you stop and think, I bet? Good. So if your business is in financial disaster and you need someone on your side with experience to steer you through these difficult time without causing any damage to your reputation or at least minimizing it, then look on the internet and find a good profession Insolvency Auditor to be with you till the storm passes and you can see the clear skies and feel the fresh air. I will warn you they are hard to find and worth their weight in gold.
When You Need Someone On Your Side
With the number of companies that go into liquidation every week with a view of getting a fresh start and start a new company without any liabilities or just simply calling it a day and not continuing in business at all. All do so with advice from processionals but most or at least 60% (500 company directors of liquidated companies) of the company directors questioned stated that had they knew what they know now after the liquidation they would have employed the services of an Insolvency Auditor to look after their interests and guidance before and during the insolvency proceedings of their company. In finding a good insolvency auditor that has a great deal of experience in pre-insolvency structuring in order to minimise your personal liabilities and to advise you of any other concerns and issues that might pop up at later stages in the insolvency process.
It takes some courage on the part of the business owners and company directors to face the fact that the business is in difficulty and they also have to be realistic about listening to the advice of the profession experts. A Company Voluntary Liquidation is used when the liabilities of a business far outweigh its assets. If on the other hand the business is viable in the long run but in the short term the business is suffering financial cash flow problems other options that are open are CVA a creditors Voluntary Agreement or even a Pre-Pack administration.
Insolvency Advice From The UK's Leading Expert
Moe Nawaz (as seen on T.V.) is a nationally recognised insolvency auditor who has focused on providing insolvency advice to business owners and company directors for over 20 years. He regularly travels the country assisting company directors on how to handle their toughest cases with the Inland Revenue, Customs and Excise and other creditors. Moe is highly ranked among the top insolvency auditors in the country, with two books to his credit as an author “The Insolvency Survival Guide For Businesses” and his second book “Bankruptcy Guide”. With clients from Scotland through to Devon Moe enjoys travelling to meet his clients, he has what it takes to solve your tax, VAT and other creditors problems for your company no matter where you live in the United Kingdom. If you would like more information about his practice and how he can help you, please call his office on 0800 24 0800 or contact him via email.
Business Insolvency Helpline FREE & Confidential Advice 0800 24 0800
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Filed under: INSOLVENCY
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