Insolvency Service

Are you wondering how your business can survive?

Seeking help at an early stage can make all the difference between your business going under or recovering.  SN Law works directly with insolvency service practitioners to help you through that time.

What is Insolvency?

The Insolvency Act 1986 is a complex act, but to put it simply, if you are struggling to pay your suppliers and other creditors on time, then your business could be facing insolvency. A company which is insolvent may be put into liquidation, which is sometimes referred to as 'winding-up'.

How common is Insolvency?

According to UK Department for Business, Innovation and Skills | BIS, there were 4,242 compulsory liquidations and creditors’ voluntary liquidations in total in England and Wales in the third quarter of 2011.  This was an increase of 6.5% on the same period a year ago and was made up of 1,203 compulsory liquidations and 3,039 creditors’ voluntary liquidations.  Full information at Insolvency Direct.

Insolvency

You can talk to the SN Law Insolvency Expert about:

  • Sole Trader Insolvency
    • Individual Voluntary Arrangement (IVA)
    • Bankruptcy
  • Company Insolvency
    • Company Voluntary Arrangement (CVA)
    • Administration

Call us now on 0800 1814255 to arrange a free Insolvency Service review meeting.