A Company Insolvency situation occurs when the Company is either insolvent on a balance sheet, or due to the Company not being able to pay its debts as and when they are due.
There are several options, when the company director(s) are aware of the Company Insolvency situation, these are:-
Creditors Voluntary Liquidation
Company Voluntary Arrangement
Members Voluntary Liquidation
Once the director(s) are aware of the Company Insolvency situation, they have a duty to deal with the matter urgently. Why not contact our Company Insolvency experts at Absolute Recovery Limited to discuss your options as soon as possible.
Our expert Company insolvency team will most likley highlight more options that are available to your organisation in this situation.