Consultants Insolvency

Insolvency is a process where registered consultants who act as liquidators will assess the financial uncertainty faced by their clients, offer advice on the best way to tackle the problem and negotiate with creditors. The consultant’s liquidation negotiations can result in a reduction in the amount of money owed by the company, establish new terms of payments, or devise a new payment plan.

It’s only businesses operating under the company structure that can be liquidated, and bankruptcy is often confused with liquidation. Only individuals, including partners in partnerships and sole traders can go bankrupt. By consulting a trusted firm like Tax negotiators you can find support and guidance to assist with liquidation management solutions. The liquidation management solutions available will depend on the type and severity of your company’s financial difficulties. These may include:

• Administration
• Liquidation process
• Company voluntary arrangement
• Business restructuring

Advice and Analysis of Your Company’s Financial State

At Tax Negotiators, we understand that a lack of assets isn’t an ideal situation and personal liability for company insolvency can be overwhelming. We offer expert professional advice and guidance on all aspects of insolvent trading, including ways to reduce insolvent liquidation within your company. Our team will work towards successful outcomes and future growth by looking at your company’s assets, and analysing your records and books to understand the main areas of potential financial problems.

Tax Negotiators experts are here to support insolvent companies wherever they are situated financially. We have a strong background in pre-insolvency and all aspects of a company’s affairs, winding it through liquidation or bringing it back to life by restructuring.

If a company finds itself in a financial black hole and insolvency is looming large, seeking advice from experienced consultants and liquidation advisors is paramount. The process of consulting a liquidation management professional starts with an assessment of company assets and the sale of these to generate cash, which is called a voluntary liquidation. Acting early is our advice to companies, before things get out of hand and a company director is held personally liable.

Voluntary Administration or Liquidation Process

The main difference between voluntary administration and liquidation is that an insolvent or pre-insolvent company initiating an administration process may be capable of working out ways to continue to function or take restructure or turnaround action. However, liquidation recognises that the company cannot function any longer.

Involuntary Liquidation (Court Process)

If a company won’t go into voluntary liquidation, it can be ordered to cease operations and liquidate its assets to pay off its debts, and this is done through the courts. To begin the involuntary liquidation or court process, a winding-up petition is drawn up and a court-appointed consultant liquidator takes charge of the process. The legal process of liquidation is used to discontinue the company’s operations, although the business can decide to enter into an arrangement with creditors, and negotiate new payment terms to avoid liquidation.

At Tax Negotiators we understand the complexities of insolvency and our team of insolvency consultants is passionate about helping companies struggling with financial challenges. We provide expert pre-insolvency and liquidation advice and support and our consultants work closely with our clients to guide them through the complex insolvency process, voluntary administration or liquidation. Contact us to make an appointment with Tax Negotiators consultants to help find an insolvency solution for your company today.