If your business is insolvent McTear Williams & Wood can assist you to cease trading and arrange to effectively close down your business

Contact us now to arrange an appointment on 0800 331 7417

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.

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. 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