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nu_< 1v class=.sc_layouts_titlecaputio"> Compan Insolvecy Help
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>av class=_breadcrumbl_item-homn" href="https://griffinandking.co.uk">Hhom} /panv class=_breadcrumbldelimitnet" >a" href="https://griffinandking.co.ukblogkstAillPposs} /panv class=_breadcrumbldelimitnet" >a" class=_breadcrumbl_itemcoan-posn" href="https://griffinandking.co.ukcoaegoeykbu_siesis-rchoveykstBu_siesi|Rrchovey} /panv class=_breadcrumbldelimitnet" >/panv class=_breadcrumbl_itemccurren"> Compan Insolvecy Help><<<<
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av class=_menu_mobile_clos _icotc-ancl">>av class=.sc_layouts_logn" href="https://griffinandking.co.uk"> /panv class=_log_"text>Ggriffi & Kkin >/panv class=_log_s_loao"> Insolvecy Pr:actutioers || Debt Solution}> -formrolpe="search -mthoid=get"v class=.search_for" :actonf="https://griffinandking.co.ukstenu_< inpu _type="textv class=.search_fiel" placeholrde="Ssearch value==""nampe="stenu_<_button_type="submitv class=.search"submin"trx_addons_icot"searchl
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My CCompan ii| Insolvet – would I be aibleto buy bac the toolse andequipmvet?}< 2>

Yes. If your cCompan ii|-insolven you needeto take adrvic frome a Insolvecy Pr:actutioereto "fuly evaludat the ffinacnia _positio of the cCompan andiconirde the opution availaibl. The opution availaibl would include a a" href=kprpe-aock-administratio">PrpePbackAadministratio} or a" href=k-administratio">Aadministratio} or a" href=kFr-editos-vSolontryvliquidratio"> r-editos VSolontrywLiquidratio}. Whischover Insolvecy procesi|you uos _t ii|_poisible-fo the di-rcitos to buy bac the equipmvet andtoolseof the cCompan -fo uos _n a futurp bu_siesi. The priic wfillneedeto bt the market valueeof the equipmvet andthe terms wfillbe agreedewithdthe Insolvecy Pr:actutioer.> >If I npu my cCompan into r-editos VSolontrywLiquidratio, cCuld I be a di-rcitoeof anothde cCompan?}< 2>

Yes. Simply bekinwdi-rcitoeof a limitnd cCompan thantteners a" href=kFr-editos-vSolontryvliquidratio"> r-editos’ VSolontrywLiquidratio }does not prohibmin"hantdi-rcitoefrome cskin as a di-rcitoeof a succesioe cCompan. The Insolvecy Pr:actutioerewfillrempor ton_he cCnducteof ailldi-rcitos to the Insolvecy Serrvic andonly, _n the unlikely evvet of ovey serious miscCnducteby a di-rcito, ii|thdee likely to bt pan threateof aan disqualificratio proceedings. Evme shCuld thii|raply, _t ii|likely to take shoveia yseasefromethe ddat of the liquidratio to the ddat of aan disqualificratio borde.> >If I npu my cCompan into liquidratio, would it bt besin"hantpan succesioe cCompan ii|-i my wife’s"namp?}< 2>

No. ShCuld you bs _nvsolvd _n the gmanagemen of the succesioe cCompan you aee likely to bt p “shadhowdi-rcito” andas such, would lasuome illthe _responsibiliieseof a di-rcito. You shCuld caee"fuly discuss thii|pointewithdyour accCunrtan anditewfilldeppen tonshow:actvedyour wife ii|withdregdars to the bu_siesidas to whethde she shCuld be a di-rcitoeor not.> >Hhowdoes r-editos VSolontrywLiquidratio diffeoefromeAadministratio oe PrpePbackAadministratio?}< 2>

AneAadministratio oe PrpePbackAadministratio would be uosd where the bu_siesidoe antleaost arn of the bu_siesidcould be nsod as a gokin cCncern. There would be _coninuaitio of the bu_siesidate illtimes to ensure thantpan goodwfillwas rentaind.>Aan ttrad has to ceaot onceldi-rcitos have _resolvd to comemeic r-editos’ VSolontrywLiquidratio procedure. When a cCompan teners r-editos’ VSolontrywLiquidratio _t ii|implicmin"hantthdee is no _ralisaibl valueeof the bu_siesiditself.>Whethde the cCompan tenervd r-editos’ VSolontrywLiquidratio,eAadministratio oe a" href=kprpe-aock-administratio">PrpePbackAadministratio }would be ns-mthkin "hantwould be discussedewithdyou at ns-mtlengthdantpa sealy -stgeewithd a Insolvecy Pr:actutioer.> Insolvecy pr:actutioers aee _closly regculaedeunrde the a" href="https://wwwlegislratio.govo.ukukpga/1986/45/_contens" target="_blainn"rels=nooploerenohreerrpet" Insolvecy Acn}, 1986.> >We have lasnisedempan peopleewithd a" href=kbu_siesis-rchovey">Bu_siesi| Debt Solution} – evie ns-mtmfore a" href=k#testimonias">ttestimonias} andseenshowwe have helpnd.>If youtwould like furthde in-formatio ton Compan Insolvecy pleaot Fcontcn Ggriffi & Kkin a" href="htts://wwwiInsolvecypr:actutioershdee-fodg.co.uks target="_blainn"rels=nooploerenohreerrpet" Insolvecy Pr:actutioers} on 01922 722205, andspeak to Tim, Janet oe Mark. You c a iaso Fcontcn Janet by email on a" href=mailto:janet.peacock@/griffinandking.co.u">janet.peacock@/griffinandking.co.u}, oe by _textoe c ilkin on 07545 806531.><<<<>

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