Bankruptcy & Liquidation
During April 2020 there were 10,397 individual insolvencies , as opposed to just 1,196 company insolvencies across the UK, according to the UK Government’s Monthly Insolvency Statistics Report. And, with the current Covid-19 pandemic putting the world on hold, the number of personal and company bankruptcies in the UK, across Europe and in fact the entire globe, is expected to rise dramatically over the course of the next 12 months.
Of course, bankruptcy is never the way we envisage our personal finances to end up when we start out, however unfortunately, sometimes it is simply impossible to avoid. Difficult economic climates, such as the crash of 2008 or the Covid-19 pandemic can make trading environments and financial circumstances tough and sometimes declaring bankruptcy is the only option that remains open to people.
Insolvency is a vast and complex area of law. If you do find yourself in this situation, you do not have to attempt to navigate your way through it alone.
At Smart Solutions Taxation and Accounting, we have a specialist with over 30 years of experience just waiting to answer all your concerns and queries, and talk you through the various procedures in detail to help you decide on the appropriate option for your circumstances.
Our team is dedicated to assisting our valued clients escape the burden of debt using methods specifically tailored to them.
Help you lower your payments
We are with you every step of the way, guiding you through the entire procedure so that you always understand what’s happening and trust that your best interests are at the heart of what we do. From the initial free consultation, we will help you with the preparations for filing and assist you with all the relevant paperwork.
We will accompany you to Court and liaise with formal bodies on your behalf, such as the Official Receiver and trustees – all of whom we have a fantastic and long-standing working relationship with.
The range of issues we can help you with is far-reaching. We can show you how to lower your monthly payments, put an end to unwanted pressure from creditors and write off debts that you simply cannot afford to clear.
There are several ways we can help you financially!
- IVA (Individual Voluntary Arrangement)
- PVA (Partnership Voluntary Agreement)
- B (Bankruptcy)
- CVL (Creditors’ Voluntary Liquidation)
- CVA (Company Voluntary Agreement)
- MVL (Members’ Voluntary Liquidation)
- CL (Compulsory Liquidation)
If you think you and your financial situation could benefit from any of the above, please do not hesitate to contact us by phone or email. We offer an initial consultation, completely free of charge, where we will ascertain exactly what you need and what action we can take to help you. Then we will provide you with a bespoke quote, explicitly tailored to your unique needs. Please note, this quote is for a fixed fee, which means you can rest easy in the knowledge that there won’t be any unpleasant surprises in the form of unexpected charges further down the line.
We look forward to hearing from and beginning a journey together.