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.

About Sharon

I have been working in insolvency since 2003, gaining my JIEB qualification in 2009. I have wide-ranging expertise, which includes dealing with solvent companies with high-value multi-shareholder distributions, corporate insolvencies as well as personal insolvency solutions.

I have dealt with trading administration and I have experience of insolvencies in many business sectors, including retail, leisure, construction, and engineering.

To ensure that I am able to provide the best service for our clients, I attend new enquiries, oversee Board and Shareholders meetings, attend Creditors' meetings, and deal with employees, agents, banks, solicitors, accountants and creditors, amongst other stakeholders.

Providing value and solutions are core to what I see as my role as an insolvency professional, as insolvency can be complex and distressing.

Outside of work, I enjoy the ups and downs of following the English rugby team, as well as supporting Wasps and Tigers (controversial, I know

 

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Find out more about how we can support you when times are tough.  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 at info@smartbusinessrecovery.co.uk