Insolvency law FAQs

 

Your company can be cash-flow insolvent, or it can be balance-sheet insolvent. There are instances in which the company can remain afloat if it is insolvent in just one aspect, but if it is insolvent in both then a court of law will need to make a decision on how best to handle the debt.

The main result of this is that many different situations are possible. There could be debt restructuring, leading to business recovery. Or in the worst instance, liquidation. And there is a process for debt repayment.

We have a few pages of FAQs, but this is a pretty complicated subject.

The best thing to do if you are worried about your business becoming insolvent, and what to do about it, is to speak to a solicitor. We work with specialist insolvency solicitors around the country, so call us on 0800 1777 162 or fill in a web-form and we will help you get the right advice.

Contact Law supports the endeavours of STAE and commends all the work they are undertaking to assist in the plight of the Asian Elephant

 

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