insolvency advice for business partnerships
Dealing with traditional partnerships and the newer breed of Limited Liability Partnerships (LLPs) can prove especially complex in an insolvency situation.
Partnerships faced with a winding up partition – justified or otherwise – would be well advised to explore their options with a specialist insolvency solicitor as soon as possible.
disclamerFREE one hour consultation with Cornwall’s only specialist Insolvency Lawyer and licensed Insolvency Practitioner. Tel:01234 567890 While a lawyer can help untangle issues of responsibility and liability, give court representation or advise on negotiations over debts, a licensed Insolvency Practitioner will be required to implement any formal measures, such as individual bankruptcy, Individual Voluntary Arrangement (IVA), Partnership Voluntary Arrangement (PVA) or Administration, which can afford protection from creditors and preserve the business or its assets.
Engaging an experienced Insolvency Lawyer who is also a fully qualified IP, such as Martyn Evans at brains solicitors, gives partnerships instant access to the full range of solutions, moving quickly without retelling the whole story to a separate – often distant – out of county lawyer or accountant.
Based in Cornwall full time, Martyn is available to meet at short notice, at a choice of local offices, to help partnerships respond quickly to insolvency issues. His initial consultation, which lasts 40 minutes, is free of charge.