Unmanageable debt is crippling. A director struggling to deal with unmanageable debt can’t operate at the level they normally would to deal with their situation effectively.
Often, directors simply don’t know all the options available to them, or how those options can be applied to their specific circumstances.
However much you’d like to help, as an Insolvency Practitioner your primary role is to look after the business side of things. You don’t have time to investigate all the options. What’s more, once you have been appointed as liquidator you are no longer able to advise directors personally since this would create a conflict of interest with creditors.
The result is that company liquidation is often more painful than it needs to be – for everyone, including creditors.
We help good Insolvency Practitioners like you to help directors struggling with unmanageable debt without creating a conflict of interest. By doing so, we can also help you to get a better result for creditors by avoiding costly litigation.
We offer a free, no-obligation consultation where we educate directors on all the options available to them. We help them to look beyond their present circumstances to include their future plans, so they can make a fully informed decision on what to do next.
Directors can choose to act on this information themselves, or engage us to do so. We use our considerable experience combined with the specific details of their case to build a commercial argument for debt reduction that your creditors are likely to accept.
As a result, we are often the most cost-effective solution for your creditors too, since they may avoid litigation.
That means that you’ll know you’ve done the very best you can for your creditors. At the same time, you’ve been able to help the directors. They get to start again. And you never have to worry about dual compliance.
“In my experience of Julian, he demonstrates a good knowledge of the bankruptcy process and adopts a friendly and practical approach to problem solving. He is also adept at balancing competing interests and achieving a good outcome for all involved.” David Perkins, Licensed Insolvency Practitioner at Parker Andrews
To set up a meeting, call us on 0845 680 7217. Email us at firstname.lastname@example.org. Or send us a message.
Free advice can be obtained from the Money Advice Service by clicking here.