Financial Crisis Recovery

COMPANY SOLUTIONS

Voluntary Administration Liquidation

An insolvent company CAN be saved

An Administrator appointed by: Director, Secured Creditor; or Company's Liquidator

The Administrator's duties are: Take control of the company, Investigate company's financial circumstances; and make recommendations for company's future.

There is NO NEED for court involvement

Appointment imposes a moratorium on debt enforcement

During Administration, company guarantees cannot be enforced against directors or relatives

Deed conditions are flexible

All unsecured creditors are bound by the Deed.

The company is insolvent and the decision to wind-up has been made

There are three types of Liquidation: Creditors Voluntary Liquidation, Members Voluntary Liquidation; and Court Liquidation.

A liquidator takes control of the company and: investigates its affairs

Realises assets for the benefit of creditors

BENEFITS OF VOLUNTARY ADMINISTRATION CONTACT FCR

Maximises the chances of a company continuing to exist

Maximises the return to creditors

Prevents creditors acting to the detriment of the company

Allows time for preparation of a proposal

Directors can take early action to save the company

Will release directors from insolvent trading claims if Deed agreement is complied with

Independent person controls the company

Immediate appointment of administrator

Takes away immediate pressure from creditors.

Attend your free, private consultation with Financial Crisis Recovery.

We are able to refer you on to Administration and Liquidation specialists, most suitable to your situation.

COMPANY SOLUTIONS
Voluntary Administration		Liquidation
An insolvent company CAN be saved An Administrator appointed by: Director, Secured Creditor; or Company's Liquidator The Administrator's duties are: Take control of the company, Investigate company's financial circumstances; and make recommendations for company's future. There is NO NEED for court involvement Appointment imposes a moratorium on debt enforcement During Administration, company guarantees cannot be enforced against directors or relatives Deed conditions are flexible All unsecured creditors are bound by the Deed.		The company is insolvent and the decision to wind-up has been made There are three types of Liquidation: Creditors Voluntary Liquidation, Members Voluntary Liquidation; and Court Liquidation. A liquidator takes control of the company and: investigates its affairs Realises assets for the benefit of creditors
BENEFITS OF VOLUNTARY ADMINISTRATION		CONTACT FCR
Maximises the chances of a company continuing to exist Maximises the return to creditors Prevents creditors acting to the detriment of the company Allows time for preparation of a proposal Directors can take early action to save the company Will release directors from insolvent trading claims if Deed agreement is complied with Independent person controls the company Immediate appointment of administrator Takes away immediate pressure from creditors.		Attend your free, private consultation with Financial Crisis Recovery. We are able to refer you on to Administration and Liquidation specialists, most suitable to your situation.