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 Voluntary 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 Advice Links

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Personal Insolvency Advice Links

Dealing with personal debt issues can be very difficult and therefore we strongly recommend that individuals look at taking advice from a number of different sources. Below are some sites which may of assistance;

Citizens Advice

The Insolvency Service

The Money Advice Service 

Further guides to personal insolvency options can be found here Personal Insolvency Guides

If you are looking for debt consolidation advice you may want to start by looking at a comparison site such as Go Compare credit card calculator

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