Insolvency Help Sheets
The Help Sheets below have been put together to provide useful information and key facts, to help answer your Insolvency and Business Rescue questions. We hope that you find them useful, however if you feel that you need further guidance, please don’t hesitate to call us for further advice or free consultation.
Company Insolvency is a term often used when a business is having difficulty paying its debts. A company that is struggling financially can still have a trading future with the help of a Business Rescue service.
Download: Company Insolvency Help Sheet and FAQ
Company Administration is a business rescue process. It is used by companies that are in an insolvent position. If the business looks like it may have a profitable trading future, the Administration process can be used to rescue the business by restructuring the company.
Download: Company Administration Help Sheet
Company Voluntary Arrangement is a formal business rescue option, which is initiated by the company directors. It has some key advantages to the company.
Download: Company Voluntary Arrangement (CVA) Help Sheet
Creditors’ Voluntary Liquidation A director led insolvency process, the most common process used in the UK. Although the company is placed into voluntary liquidation, it does not have to mean full closure of the underlying business.
Download: Creditors’ Voluntary Liquidation (CVL) Help Sheet
Members’ Voluntary Liquidation is a liquidation option with tax benefits for companies who have shareholder distributable reserves over £25,000. It is usually completed within a few months.
Download: Members’ Voluntary Liquidation Help Sheet
Compulsory Liquidation is a court led process, typically forced upon a company, usually started by a creditor. A strict procedure without much flexibility.
Download: Compulsory Liquidation Help Sheet
A Winding-up Order is obtained from the court in response to a winding up petition being presented. It instigates a compulsory liquidation for an insolvent company.
Download: Winding-up Order Help Sheet
A Director’s Guide to Members’ Voluntary Liquidation Our handy company directors guide to this liquidation option for solvent companies who have shareholder distributable reserves over £25,000.
Download: Director’s Guide to Members’ Voluntary Liquidation