Our expert advisors at DCA can assist directors when they find that their company may be insolvent.
The term insolvent can be simply that the company cannot afford to pay its debts as they fall due, or the assets are less than its liabilities.
We can assist the director or directors to place the company into a process called Creditors Voluntary Liquidation (CVL) where the company has or will cease trading and needs assistance to bring its affairs to a timely closure.
At an initial meeting or during a telephone discussion, which is free and without obligation, we will discuss with you the process, identify any issues which may arise and discuss timings.
Should a CVL be appropriate we will then correspond with interested parties such as employees, landlords, creditors and others that may be required.