Assessing the business problem and, where appropriate, guiding management along a course of business recovery.

The winding up of an insolvent company by a special resolution of the company’s shareholders. The Liquidator’s appointment is confirmed at a meeting of creditors.

The winding up of a solvent company by its shareholders. This process is often undertaken when a company has outlived its usefulness and the members wish to divide the surplus assets between them.

Bankruptcy is the administration of the estate of an insolvent individual or partnership of natural persons. This may be initiated by a Court order upon the petition of a creditor, or by a voluntary petition by the insolvent person.

A brief consultation can often deliver invaluable guidance to directors or individuals who have concerns as to their statutory responsibilities when insolvency looms. The earlier the advice is sought, the broader the options available.

Parties involved in litigation will often engage professionals to assist in the preparation of evidence to support their case, or to conduct an investigation to trace suspect transactions and assess the strength of available evidence.  This is often referred to as forensic accounting. Insolvency practitioners are experienced litigators and can give unbiased practical advice to parties embarking on an expensive legal action. We are sometimes called upon to give testimony as expert witnesses.

On occasions, where the number of creditors is small, it can be appropriate to mediate a compromise of an informal nature. The experience of an insolvency practitioner can be of assistance in such circumstances.