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Showing posts from February, 2021

Business Recovery Services | UK Businesses Rescue Specialists

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Recovery of the business is one of the key worries in the mind of directors who are facing issues with the cash flow and are nearing insolvency. A layman can consider the business as dead but trust me it is far away from reality. It is possible to recover your business with the business recovery services offered by Simple Liquidation. We pride ourselves on recovering hundreds of businesses with the help of our highly experienced team and know-how to the state laws. At Simple Liquidation, we believe in working step by step to ensure that every legality is followed and you get ample space to put effort into your business recovery. The high cost of such services often forces the directors to avoid choosing these options but with Simple Liquidation, we make sure that you get the most reasonable quotes for you. We also make sure that our services fit well within your budgets as  Accessing the exact financial situation - We try to assess the exact financial situation of your company to ...

Insolvency Law and Practice in the UK | Simple Liquidation

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Insolvency is the term when a person or company is unable to pay money owed or debts. Insolvency law and practice is a procedure where the remaining assets are administered for the benefit of all the creditors by evaluating all the things. It's a process of agreeing on a way forward with creditors to manage the repayment of the debt. Insolvency lawyers always try to understand both of the party's debtors and creditors and find out the best and possible solution to get rid of this problem. They will always prepare in the insolvency process, from negotiating company voluntary arrangements to administration and receivership. And then after that, this engagement individual or company’s assets are taken to pay off the outstanding monies owed. This process promoted the rescue operation as compared to the personal favor of the debtors and the creditors. Simple Liquidation helps the directors with a quick and simple solution to liquidate a company. Our practitioners have over 30 years...

How to Find an Insolvency Practitioner? | Simple Liquidation

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Finding the right insolvency practitioner for you was not as easy as it is now with Simple Liquidation. We enable you to hire the best practitioners to carry out liquidation processes for closing your company or evading excessive pressure from the creditors. Before we guide you on how to get these services with us we would like to highlight the services you can avail from us. All the liquidators who work with us are very well qualified and approved by the Insolvency Practitioner association. We also make sure that all our practitioners should have authorization from the Institute of Chartered Accountants in England and Wales.  Step by step guide to get best insolvency practitioners with Simple Liquidation  Forget the old school way to visit the offices of agencies and companies offering you these services as with our websites you can do it in seconds without even stepping out of your home. We do not require long explanations from you to realize your needs. Just follow the bel...

Get Insolvency Practitioner Services | Simple Liquidation

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Going into insolvency can be a stressful affair. No matter whether you are a sole trader or a limited company hiring insolvency practitioner services is one of the most crucial steps to take for successful completion of this process. Hiring an underqualified and inexperienced person to act as an insolvency practitioner for you can turn into a disaster. You should always hire a highly experienced person for this job as this will result in the best execution of any type of liquidation you are looking for.  One of the primary steps to hire an Insolvency practitioner is to acknowledge that a situation for it is approaching. We know as a businessman it is always hard to acknowledge that your company needs to go into liquidation. It is wise to arrange things well before things run out of your hand. After identifying the need to go into liquidation it becomes a legal obligation of the directors to act in the best interest of the creditors and this is the time when the role of the insolv...

Guide for Creditors Voluntary Liquidation in The UK

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The term creditors voluntary liquidation or CRV refers to the situation when the shareholders or director of the company goes for voluntary liquidation to pay off the debts of their creditors. When a company is unable to pay its debts the creditors to that company can present a winding-up petition to liquidate the company. In such circumstances, the shareholders and directors of such companies do not have any direct control over the process. This kind of liquidation is called compulsory liquidation and proceedings will be governed by the court. Under the Creditor, Voluntary Liquidation shareholders and directors have the option to control the appointment of a liquidator. There is a process to start and complete the Creditors Voluntary Liquidation and the steps for it are mentioned below:- Notification to shareholders - The first step to start CVL is to circulate the notification for it among the shareholders of the company. This notification can be served in the scenario where the co...