Liquidation, Insolvency and Receivership Terms

Liquidations

Court Liquidations:
The partners are prepared to accept appointment as Court Appointed Liquidators. Where creditors or directors wish for an urgent appointment they will act as Interim Liquidators.

Voluntary Liquidations - (Insolvent Companies):
Acting as Liquidators and assisting with the necessary procedures to put a company into liquidation voluntarily where the company's directors and shareholders consider that the company is insolvent and should be placed in liquidation.

Voluntary Liquidations - (Solvent Companies):
Acting as liquidators of solvent companies when they no longer serve a useful purpose or when a group of companies is reorganised for commercial or tax reasons.

Receiverships

Receiverships:
The firm accepts appointment as Receivers and Managers for the purpose of realising assets and paying money to Debentureholders. Assets are realised to the best advantage and businesses are sold as a going concern.

Receiverships - Fixed Charge Appointments

Investigations

The firm prepares independent reports for banks and other institutions on the financial affairs of the companies and restructuring proposals.

Other Insolvency Matters

Compromises:
The firm provides service in respect of Compromises with creditors and acts as Compromise Manager.

Voluntary Administration:
The firm accepts appointment as voluntary administrator and deed administrator.

Realisation of Security:
The firm is also able to assist secured creditors, and advise on the practical problems associated with recovering security and the effects of priority creditors on the value of the security.

Statements of Position:
These are prepared quickly and efficiently. Interviews arranged at short notice.

Individuals:
The firm will examine the alternatives to bankruptcies, and advises and acts as Trustee for Insolvents pursuant to Part 5 Subpart 2 of the Insolvency Act 2006.

Agency Appointment

Individuals - Part 5 Subpart 2

Individuals - Informal Compromises/Settlements

Individuals - Advice on No Asset Procedure, Summary Instalment Orders and Bankruptcy

Quick Review Assessment

Special Jobs, advice and Contacts

Crisis Management

Selling businesses:
Arranging auctions. Preparation of tender documents and calling for tenders. Assistance with resolving deadlocks. Merits of liquidation, receivership, alternatives.