Company Bankruptcy

Thinking of a Company Bankruptcy? What Are Your Options?

Company bankruptcy is a term often used in the media by mistake to describe a company liquidation, or CVL. The print and spoken media also interchange, without much recognition of the mistakes they are making, the terms receivership and administration. Everybody has heard of the term bankruptcy, in the context of individuals, but no term actually exists in relation to a company. Nevertheless, company bankruptcy is a term we have come to accept because it is used so often.

A company can be insolvent, and the chances are that if you have landed on this page, you are looking for advice as to how best to deal with your business, which may at this time be unable to pay its liabilities as they become due.

The good news is that by seeking advice at this stage you may well avoid difficulties that sometimes arise when people just ignore their problems, and by that I mean directors wrongful trading.

If your business is facing a ‘company bankruptcy’ problem, then we have a solution for every situation. Some companies are only in trouble because they have short term cash flow issues. If there are freely available assets then these problems are simply overcome, via something like factoring.

Where the company’s problems are more structural and bankruptcy is a possibility, then we can assist in closing or liquidating the company whilst saving the business. This is done by pre-pack liquidations or administrations. This has the benefit of saving the jobs of staff, and means that contracts can be novated and finished.

If you face company bankruptcy be positive and contact us. We can help you get through this.

The important thing is to act early; the options which are available now may not be available later on.

If you would like to talk about company bankruptcy to a specialist with 17 years corporate insolvency experience then enter your details into the web form below for a no-obligation chat.

However, if you need help with personal debt (rather than business related debt) go to our free debt management plan application form.

Can't move or sell your house because of negative equity? We may have the solution at Sell My Negative Equity House, our sister site.

We specialise in the following:

business debt factoring
invoice discounting
business bankruptcy
business finance
company bankruptcy
voluntary arrangement

pre pack administration

voluntary liquidation
business liquidation
wrongful trading
business insolvency
business rescue
business turnaround

pre pack liquidation

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