Video series: Restructure and Rescue
We act quickly and commercially.
Liquidation is the most widely used insolvency process and that typically means that a company is unable to pay its debts and that there is no business that can be rescued. Vince and Steven discuss the process of winding down a business and matters that give directors the most concern. They also talk about solvent liquidations that are used for tax planning or corporate simplification purposes.
Winding down a business on an insolvent and solvent basis; the liquidation process
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We believe in a rescue culture.
A formal insolvency process may be necessary but that does not mean that a business and jobs cannot be saved. Vince and Steven discuss examples of when they have acted as Administrators, using the process to provide a better return to creditors than what would have been achieved had the company entered liquidation. We encourage businesses with financial pressures to reach out to insolvency practitioners to establish what the options are.
Using formal insolvency processes to rescue a business
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We listen, understand and act with empathy. Before approaching Insolvency Practitioners, many directors believe that the end of the road has been reached. Our Partners, Vince and Steven talk their approach when dealing with companies in financial distress. There are often options available outside of formal insolvency processes. We create and implement recovery plans to help a businesses.
Help when its needed; avoiding formal insolvency processes
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Vince Green and Steven Edwards, Partners in our Recovery Solutions team and licensed Insolvency Practitioners, discuss real life examples of how they have supported financially distressed businesses and highlight how versatile and bespoke every case and outcome is.
Providing insight and showcasing the advantages of working with insolvency practitioners.