Want a Company Bankruptcy in Colchester?

Has your company become insolvent? Are you struggling with cashflow and debt?

If so then a company bankruptcy from McTear Williams & Wood could be the answer

Contact us today for a free consultation on 0800 331 7417

Cashflow problems, bad debt and HMRC obligations all take their toll on a company’s finances. If you have been unable to meet these demands, then it is possible you are considering a company bankruptcy. By enacting a company voluntary liquidation it is possible to limit your own personal liability as a director. Additionally, by choosing this course of action your will be permitted to choose your own liquidator. They will act on your behalf as the authority tasked with selling off the remaining assets of your company, the proceeds of which are then in turn used to pay off your remaining creditors.

One route taken by some directors is to buy back their old company and some of the more important assets after the debt has been shed. Let McTear Williams & Wood advise you as to whether or not this is possible for your business, drawing on our years of experience helping many companies in similar situations.

Your ideal next step is to find out all the facts about a company bankruptcy at our Colchester office. During a 1-2 hour free consultation appointment, we’ll be able to give you all the facts on the best course of action for you and your company.

Why use McTear Williams & Wood?

  • Avoid personal liabilities – one of the biggest concerns of any director when closing down their company is avoiding personal liability. McTear Williams & Wood will work to make sure your accounts are in the correct order.
  • Work with one of our directors – all of our engagements are led by a director, ensuring that you receive the full benefit of our extensive knowledge and experience of company bankruptcy.
  • Full turnaround services – is liquidation the right choice for you? If you decide to try to return to profitability we can provide you with additional finance, restructuring and even interim management to support your business through this time.
  • Free initial consultation session – in the first instance we always provide our clients with free advice. Simply put, we can tell you if your business will succeed or fail and outline any potential routes of recovery.

Your next step

If you are thinking of going through a company bankruptcy this could be an extremely difficult time in your business life as a director. However, there could still be a number of options available to you.

Act now to find out all the facts about your current situation. However, be aware that as creditor pressure mounts, some options will close off to you in the course of time. Call us now to discuss your company bankruptcy at our offices near Colchester.  Contact McTear Williams & Wood today on 0800 331 7417

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