Insolvency

A declaration of insolvency is a formal acknowledgement that a business or individual cannot meet debt obligations, leading to formal insolvency proceedings aimed at resolving financial difficulties.

Explore how administration can protect your business, offering rapid relief and strategic options compared to liquidation. Learn more about its benefits and when it’s the right choice.

Cheap liquidation services may seem appealing, but hidden fees can lead to unexpected costs. Parker Walsh offers transparent, comprehensive support from £4,000 + VAT to ensure a smooth and legally compliant process.

This article compares the experiences of directors who’ve worked with other insolvency practitioners and explains how Parker Walsh offers a more tailored and supportive service.

Preferential creditors, such as employees and HMRC, are paid before non-preferential creditors in insolvency, meaning they have a higher chance of recovering their debts.

Liquidation can take 6 to 24 months, depending on the type of liquidation and complexity of the company’s assets. What are the different types of liquidation?

Liquidating a company is a complex process involving the winding up of its affairs, selling off assets, and settling debts. Directors and stakeholders need to understand the steps and considerations involved to navigate this challenging process effectively.

If you can't afford an insolvency practitioner, try voluntary strike-off, negotiating with creditors, or debt charities. However, an Insolvency Practitioner is ultimately valuable.