Restructuring

 

When businesses fail or when owners wish to retire the right means of exit have to be found. We can advise you on how best to wind up a business or, if required, to pass it on to the next generation or even a third party.

We can act as liquidator for member’s voluntary liquidations if you want to wind up the business and distribute surplus assets to the business owners.

In some cases businesses that have become insolvent but have an underlying viable business can restructure by entering into a voluntary scheme of arrangement with their creditors which would involve creditors agreeing to write off a portion of the debt due.

In company insolvency cases we can advise on the legal requirements and help owners in drafting legal notices, drawing up a statement of affairs and issuing letters to creditors.

In the case of a company insolvency we can act as liquidator for the company, or we can recommend an alternative liquidator.