Insolvency Services Malvern


Insolvency Malvern specialise in many insolvency services, corporate recovery, rescue and turnaround. The current legal framework for corporate insolvencies is provided by The Insolvency Acts 1986 and 2000.

Procedures we can help with can include:

Company Voluntary Arrangements

A company voluntary arrangement can only be implemented by an insolvency practitioner. This is an agreement between a business and its creditors to a plan of reorganisation that involves the delayed or reduced payment of debts.

Creditor's Voluntary Liquidation (CVL)

CVL's are determined by realisation that the business cannot pay debts as and when they fall due. Often referred to as a 'voluntary winding-up, this procedure is initiated by the directors and shareholders of a business.

Administrative Receiverships

This procedure involves the appointment of a licensed insolvency practitioner as administrative receiver by a bank or other secured lending institution holding a floating charge debenture. The administrative receiver is appointed by the debenture holder when the business is deemed to be in default under the terms of the debenture.

Administration

A licensed insolvency practitioner is appointed as administrator on the petition of either the company, the directors or one or more creditors. A constructive way of preserving a company's business or achieving a better return for creditors than a liquidation.

Compulsory Liquidation

This is often referred to as a 'winding-up by the court'. This procedure is the ultimate sanction against a business that defaults on basic obligations to creditors. The compulsory liquidation is ordered by the court, typically following the petition of a creditor, the business or a shareholder.

Report on Directors

With the exception of company voluntary arrangements, there is an obligation on the part of the insolvency practitioner to report to the Department of Trade and Industry (DTI) on the conduct of anyone who has been a director or shadow director within the preceding two years. This may lead to disqualification proceedings being brought against one or more of the directors by the DTI.

Insolvency Malvern is a brand of Irwin Insolvency and we understand that a sustainable solution can only be achieved when the interests of the various parties involved in an insolvency procedure have been reconciled. We have the ability to blend considerable commercial expertise with more than a touch of realism.

Call us now on 01684 869 557 if you are unsure on any of the above or purely to discuss you situation or requirements.

Corporate Recovery


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Personal Insolvency


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Irwin Insolvency :: is the trading name of Irwin Insolvency (Accountants) Limited
registered in England and Wales. Registered Number: 4373374
TELEPHONE: 01684 869 557 :: E-mail: mail@irwinuk.net
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