Can my insolvent company survive?

How do you get protection and time to recover?

What you need is to buy time and financial space so that a fundamentally profitable business can overcome present problems and trade on with a profitable basis of operations. The mechanisms are available, ranging from informal through formal and court-based schemes, all of which are designed to assist the owners of businesses that have good businesses but that are facing imminent insolvency and termination unless an overhang of debt or a timing problem can be resolvedcheap viagra buy.

You need to consider the possibility of a Scheme of Arrangement or Examinership as possible solutions to your problemscan you buy viagra in dubai.

Can I release the value in my company tax-effectively?

Could Solvent Liquidation be my cost-effective escape mechanism?

Running your business under the umbrella of a limited liability company has protected you from much potential personal liability and has allowed you to take commercial risks without the threat of personal bankruptcy should things go wrong. Your business has prospered and has built up reserves of wealth, but now you want to unlock it. You may wish to retire or separate from an erstwhile business partner and share the assets. Your problem is that if you simply sell the assets and draw out the funds that will be treated as salary and will be taxed at your top rates as incomecheapest generic viagra cialis.

There is a solution to your problem – Solvent Liquidation, where any funds distributed from the company will only be taxed at Capital Gains Tax rates – currently significantly lower than Income taxcheap viagra india.

Whatever happened to Company limited liability?

How does a Director deal with Personal Guarantees and other debts following liquidation?

cialis pillsA director of a limited liability Company can find himself exposed to certain Company debts when the Business fails – personal guarantees to banks, leasing companies and major suppliers for the debts of the Company are the main sources. In addition, you may have run up purely personal debt on overdrafts, credit cards etc. while dealing with the difficulties of your business. Ultimately your very home may come under threat unless you take charge of the situation.

where to buy cialis online in ukWe can present a range of options for individuals to enable them to tackle their financial problems responsibly and effectively. In the field of Personal Insolvency, these may be of varying degrees of formality, depending upon the scale, number and timing of claims, but it fair to say that more options are available the sooner you consult.

With the right advice, you may be able to challenge the validity of personal guarantees, safeguard future businesses, and save your family home, if you take action early. If you face and deal with your creditors honestly and openly, and put forward a reasonable financial plan that will ultimately improve the prospects for your creditors over what they could otherwise expect, then you may be able to count on their cooperation. It would generally involve getting fair values for the house and other major assets, offsetting mortgages and calculating the equity remaining. We can help you marshal the various factors and produce a coherent and convincing plan to convince your creditors. See the options available in Personal Insolvencycialis canada cheap.

What if my Company is beyond rescue?

Can voluntary liquidation be best for my creditors and for me?

As a director, you act responsibly in the best interests of the Company and, where you have recognised that the Company has become insolvent and you cannot foresee a reasonable chance of trading out of insolvency, you should act responsibly in the best interests of the creditors, as their claims become the primary focus. This generally means arranging for the orderly winding-up of the affairs of the company through Corporate Insolvency, while preserving the value of the assets and not making payments to particular creditors that could be interpreted as preferring those creditorswhere can i buy viagra online yahoo.

You should consult an Insolvency Practitioner and take his advice as soon as you recognise the unavoidable state of insolvency. Many new considerations come into play when a Company moves from a “going concern” status into an “end-game” status. The normal decisions that you need to take as a director become fraught with potential peril for your reputation and the wrong decision might result in personal liability for debts of the company, or in disqualification from acting as a director in futurebuy viagra in mexico.

sales@cheap-generic-viagraThe Insolvency Practitioner can guide you through this new and perilous process, ensuring that you act correctly, and taking much of the weight from your shoulders. See the options available at Corporate Insolvency.

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