Help for Directors

All businesses face the occasional financial crisis but when they become a critical problem you need to know exactly where you stand. In our help for directors section, you will find specific information for answering your questions around if you are insolvent, what you need to do if you are and how it will affect you.

Creditors Liquidation

What is known as Creditors Voluntary Liquidation is the process that most businesses must go through if they are insolvent. It can be a difficult time for everyone involved, so we have created this special section of our site to give you the important facts about CVLs in a clear and down to earth way so you can see where you stand.

Members Voluntary Liquidation

This is when your company is still solvent, but you (and your fellow directors) decide it is time to call it a day and retire or move on to the next stage of your lives.  With an MVL, you will release the assets and use these funds to pay off the creditors before returning the remaining funds to the shareholders.

Personal Insolvency Practitioner

jump to content

Personal Insolvency Practitioner

We don’t only work with businesses. We apply our experience and know-how to help people in personal financial difficulty.

Working with empathy

We know how stressful and worrying critical personal financial situations can be.  We know you don’t need molly-coddling.  What you do need is support, clarity and empathy. Dealing with personal debt can be a heavy burden.  Our role to ease the pressure of that burden - making sure you’re clear about your options and the steps you need to take to achieve them.

Our Services

We specialise in four distinct areas.

Bankruptcy

Expert advice and guidance with this most difficult and stressful of personal situations.

Individual Voluntary Arrangement

An alternative approach to personal bankruptcy.  We’ll explore, analyse and advise.

Partnership Insolvency

Dealing with a partnership insolvency partnership has an impact not only on the business but also the individual partners.

Insolvent Deceased Estates

Dealing with somebody's affairs after they have passed is always difficult, but when the estate is insolvent it becomes even more stressful.

transparent gif

Find out more about how we can support you with when your personal finances are difficult. We’re here to help with clear, straightforward support.

Call us on 0116 2325117 (Leicester), 01926 671891 (Warwick), 02476 017639 (Coventry), 01604 263179 (Northampton), or email us on info@smartbusinessrecovery.co.uk