In times of financial difficulties
Corporate Recovery and Insolvency terminology
Solvent Liquidations
Shareholders can put a company into liquidation when it is solvent, i.e. is able to pay all creditors’ claims in full within 12 months. This will bring a company to the end of its life when it is no longer required. The process is often used as a part of restructuring of a group of companies when, for example, dividing up various parts of a business and moving them into separate new companies created for the purpose. This process is usually tax neutral. In any event it is a safer and more efficient way of dissolving a company rather than simply having it struck off from the company’s register at Companies House as it draws a line under all liabilities generally without any recourse to the directors and shareholders should further liabilities arise at a later date.
The team is experienced in:
- Rescues and turnaround
- Restructuring and administrations
- Voluntary arrangements and liquidations
- Debt negotiations
- Crisis management
- Personal insolvencies including IVAs
- Your options (the terminology) explained
John Alexander
provides practical and value-preserving solutions. He is sought by businesses, individuals, the media and those on the lecture circuit.
d: 44 (0)20 7309 3827
e: john.alexander@cbw.co.uk
Carl Bowles
Director, Carter Backer Winter LLP
d: +44(0)20 7309 3930
e: carl.bowles@cbw.co.uk
Melvyn Carter
Partner, Carter Backer Winter LLP
d: +44(0)20 7309 3828
e: melvyn.carter@cbw.co.uk
Robin Davis
Partner, Carter Backer Winter LLP
d: +44(0)20 7309 3896
e: robin.davis@cbw.co.uk
