Company bankruptcy is a term often used for a company liquidation. If your debts outweigh your assets then your company may be insolvent and a creditors' voluntary liquidation can allow you to shut down your business without risking increased personal liability. By acting now you can appoint your own liquidator who will be able to work with you to effectively sell off your business assets in order to generate more funds. These will be used to satisfy creditors’ claims before it is fully shut down.
Some business owners are able to buy back the business and assets with a view to relaunching after the debt has been shed. McTear Williams & Wood has helped numerous companies achieve exactly this outcome and are ideally place to assist you. Want to find out more about your available options? Talk to our experts about a potential company bankruptcy at our Norwich offices and we will be able to help you understand the best course of action available to both you and your business.
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. Our team of company bankruptcy experts based at our offices near Ely are available to provide knowledgeable advice on each.
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 Ely. Contact McTear Williams & Wood today on 0800 331 7417
Other services we offer in your area:
Administration Order in Ely
Business Health Check in Ely
Company Administration in Ely
Company Insolvency Check in Ely
Company Liquidation in Ely
Company Voluntary Arrangement in Ely
Creditors' Voluntary Liquidation in Ely
CVA in Ely
Insolvency in Ely
Insolvency Practitioners in Ely
Liquidation in Ely
Pre-pack Administration in Norwich
Member's Voluntary Liquidation in Norwich
Solvent Liquidation in Norwich
Winding Up Order in Norwich
Winding Up Petition in Norwich