Insolvency
Background
A company is insolvent when it does not have enough assets to meet all its debts or is unable to pay its debts when they fall due. When a company becomes insolvent, it must follow an insolvency procedure, such as administration or liquidation. We can help.
If your business is facing the risk that it may have to close down, taking the right approach can help to alleviate the pressure of the situation or even lift your business out of insolvency.
Akin Business Constructs can help you to determine what an insolvency will mean for you and your business. The consequences will depend on a number of factors, in particular, the business structure. Some structures leave you more personally exposed, while others grant a degree of protection.
We will also explain the types of insolvency and options available to you, whether it's restructuring, liquidation, or reaching an agreement with creditors, enabling you to make informed decisions and take proactive steps to manage the situation.
Our insolvency expertise is the cornerstone of our Consultancy. Any insolvency is in safe hands with our award-winning experts.