Corporate Insolvency

Severe financial difficulties leading to an inability to meet financial obligations is a critical stage for corporate companies who may be facing liquidation as a result.

When a corporate company is insolvent or is likely to become insolvent, it may initiate a voluntary administration process, or a company-led liquidation or face compulsory liquidation through court orders. In a voluntary administration, we are appointed to assess the company's viability and provide options to maximise returns for creditors. On the other hand, a liquidation involves selling the company's assets to repay its debts.

Insolvency proceedings aim to protect the interests of creditors and ensure equitable distribution of assets. Creditors may include suppliers, lenders, employees, and other stakeholders who are owed money by the company. The process involves a careful assessment of the company's financial affairs, asset valuation, and creditor claims.