We are committed to finding the right solution for dealing with your client’s financial problems.
The correct solution will depend on:-
- The viability of future trading
- Is protection needed from creditors
- Does the business need debt forgiveness
Businesses can avoid formal insolvency with a well planned turnaround strategy. If the company’s debts are large or seriously in arrears, a solution which freezes action and offers debt forgiveness is likely to be more appropriate including Company Voluntary Arrangements and Administration.
If your client’s business cannot continue to trade and needs to be wound up, for limited companies see Liquidation and for partnerships see Partnership Solutions.
All debt solutions should be very carefully considered. Fees will be charged to the client if a solution is taken in order for us to set up a plan and maintain it - all fees will be outlined during the consultation. The Debt Advisor complies with the Consumer Credit Act and clients have the right to a cooling off period of 7 days. It is likely that their ability to obtain further credit in the short term will be affected and this may also be the case over the medium to long term