Corporate bankruptcy is the term which encompasses a formal insolvency solution for a limited company. It is generally an Americanism, and the term bankruptcy in the UK refers usually to an individual, but the media often use this form when discussing corporate failure in the UK press.
Solutions to business failure have been on the statute book for over 20 years, but the way that those solutions have been used have changed with time. Now it is very important to do all that is possible to save what we can of a business and set it on its way again.
All our efforts go in to understanding what the business is and does, what is viable and what can be left behind. We are able to move quickly and where unencumbered assets are available we can utilise these to take a new venture forward.
Creditors are not forgotten in this process and where money can be generated to pay them we will endeavour to do so. We are not a one size fits all company. Each problem will have its own solution.
The main thing to do now you are reading this is to contact us. We’ll let you know if we can help. We’ll also tell you if we can’t (very unlikely).
If you have a limited company and you are struggling, and possibly seeking corporate bankruptcy in London, then you could do no worse than contact us on a no obligation basis. We have been helping businesses like yours for 20 years. There is no problem we will not have seen. All of our advisors have been through the last recession and so we are tuned in with what to expect.
If you would like to talk about corporate bankruptcy in London to a specialist with many years corporate insolvency experience then enter your details into the web form below for a no-obligation chat.
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