Corporate Recovery Solutions
Insolvency occurs when an individual or a company is not able to pay its debts as they fall due, or when total liabilities exceed total assets. Indeed, continuing to trade while being insolvent is a breach of the Insolvency Act 1986.
In these tense and difficult circumstances, we at Buchler Phillips occupy the gap between the debtor (be it company or individual) and the key stakeholders, thus gaining vital time with which to formulate a commercial and pragmatic solution. While our initial response in these circumstances is to advise the individual or company and its directors of their legal and statutory obligations under the law, we will also assist the Directors in preparing the relevant reports of the financial position and explanation of the deficiency to the general body of creditors.
Listed below are the services we offer to businesses and individuals and for which we are qualified to accept appointments accordingly:
- Company Voluntary Arrangements (CVA)
- Creditors Voluntary Liquidations (CVL)
- Members Voluntary Liquidations (MVL)
- Fraud and forensic investigations
- Litigation support
- Bankruptcy advice
- Individual Voluntary Arrangements (IVA)
- Informal arrangements
- Financial restructuring