What should you do if your business is insolvent?
For any firm or individual facing the possibility of insolvency in Durham only a UK regulated, authorised and licensed Insolvency Practitioner can advise them on how to deal with formal insolvency procedures.
We offer individuals, partnerships or companies a professional service as authorised and licensed Insolvency Practitioners in Durham.
– Advice for Durham based professionals and firms
– Assess the situation before a formal insolvency process begins
– Insolvency issues dealt with calmly and quickly
Durham Insolvency Practitioners (IPs), like their colleagues around the country are licensed to advise clients on insolvency matters. Our clients vary from individual professionals to larger companies across the UK.
As regulated IP licence holders with the stipulated qualifications from specific financial authorities and with significant experience in insolvency cases, we assure confidentiality and key advice on the protection of your interests.
Licensed insolvency practitioners play a major role in closing your business, giving advice on how to turn around your business or, in the case of company liquidation, ensuring that your company’s assets are sold in order to repay its creditors.
We can step in to manage cases of:
Our Insolvency Practitioners network in Durham has the experience to act calmly and effectively, taking the pressure off stressed company drectors.
If it is not possible to rescue a business, we assist clients by employing a number of tactics.
Assets can be sold to pay off debt, we can collect money on behalf of individuals and companies, make arrangements with creditors and distribute funds collected once costs have been paid.
If you need a practical introduction to the work of an experienced Insolvency Practitioner in Durham get in touch today. We’ve helped numerous local businesses dealing with insolvency and we provide no-nonsense advice when the going gets tough.
If your company is insolvent (no longer able to pay its creditors, or has liabilities that are greater than the value of it assets) you need to immediately stop trading and seek expert advice.
Your insolvency practitioner will be able to inform you of the best option for your business.
Queries will receive a response in 24-48 hours, except on weekends and holidays.